NEW YORK — The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn’t meet federal standards, leaving the government stuck with the bill when borrowers defaulted. The U.S. Department of Justice said Thursday ...Read More »
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The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »