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Loan Modification

: Mortgage Lender Implode-o-Meter

Judge Orders Quicken Loans to Pay $2.7 Million Award in West Virginia Fraud Case

By Implode-Explode Heavy Industries

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``The company said there?s no evidence that Quicken colluded with the appraiser or ?did anything usual or anything inconsistent with industry practice.? In court papers, Quicken described the problems with the loan as an ?isolated incident? created by ?mere excess of zeal by a poorly supervised, low level, former employee.?''

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2011 (boomark / email).

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