Comments on: Wow… Quicken Loans Now Offering 1% Down Mortgages… But Not For Everyone??? https://4closurefraud.org/2016/06/24/wow-quicken-loans-now-offering-1-down-mortgages-but-not-for-everyone/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 25 Jun 2016 13:58:23 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: BOBBI SWANN https://4closurefraud.org/2016/06/24/wow-quicken-loans-now-offering-1-down-mortgages-but-not-for-everyone/#comment-659968 Sat, 25 Jun 2016 13:58:23 +0000 https://4closurefraud.org/?p=64370#comment-659968 I don’t have anything nice or good to say about Quicken Loans. As you all already know, I have been in the industry for over 40 years so I know my business. Here they are once again, with another FHA loan deal. Here’s a place where you can find out the reputation of Quicken Loans: https://www.consumeraffairs.com/finance/quicken_loans_mortgage.html

Oh, and don’t forget they are still under a lawsuit by the DOJ back in 2015 for allegedly misrepresenting FHA mortgages that were not properly underwritten and went into default thus costing FHA/HUD to take the losses. Quicken filed a counter-suit which was dismissed in Jan 2016. It’s still on-going but Ginny Mae is also considering filing as well.

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