The governmentРІР‚в„ўs complaint alleges that, from September 2007 through December 2011, Quicken knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans. And, to that end, a DEL must certify that every loan endorsed for FHA insurance is underwritten according to the applicable FHA standards. HUD therefore relies on DELs to follow program rules designed to ensure that they are properly underwriting and certifying mortgages for FHA insurance.

Under the DEL program, neither the FHA nor HUD reviews the underwriting of a loan before it is endorsed for FHA insurance. Department of Housing and Urban Development (HUD), FHAРІР‚в„ўs parent agency, for the losses resulting from the defaulted loan. If a DEL such as Quicken approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to the U.S. As a DEL, Quicken had the authority to originate, underwrite and certify mortgages for FHA insurance. Quicken participated in the FHA insurance program as a direct endorsement lender (DEL). РІР‚СљTo protect the housing market and the FHA fund, we will continue to hold responsible lenders that knowingly violate the rules.РІР‚Сњ Mizer of the Justice DepartmentРІР‚в„ўs Civil Division. РІР‚СљThose who do business with the United States must act in good faith, including lenders that participate in the FHA mortgage insurance program,РІР‚Сњ said Principal Deputy Assistant Attorney General Benjamin C. Quicken is a mortgage lender headquartered in Detroit.

under the False Claims Act for improperly originating and underwriting mortgages insured by the Federal Housing Administration (FHA), the Justice Department announced today. District Court for the District of Columbia against Quicken Loans Inc. The United States has filed a complaint in the U.S.

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