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Compliance

Instead of pursuing bad actors in the FHA program, Quicken’s Bill Emerson said, DOJ is just trying to garner settlements from the largest lenders. "They just want us to write a check," he said.
Bill Emerson, chief executive of Quicken Loans, said at a recent conference that the threat of government probes and a lack of regulatory clarity are making FHA lending less attractive.
Cornerstone Home Lending surrendered its state mortgage license in Georgia and will pay $33,500 under the terms of a consent order reached with state banking regulators.
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