MFI-Miami Blog

Crybaby Quicken Loans Executive And Wife File Frivolous Lawsuit Against AIME CEO For Defamation. They Deny Theresa Niemiec Ever Performed Oral Sex On CEO Of Quicken Loans Rival. Appears Dan Gilbert’s over-inflated ego is rubbing off on his  senior cult members .  It seems as if a crybaby Quicken Loans executive and his wife are upset because of a video posted by the Association of Independent Mortgage Experts CEO Anthony Casa. In the July 2nd video, Casa claims Quicken Executive Vice President Austin Niemiec’s hairstylist wife,  Theresa  performed oral sex on United Wholesale Mortgage President & CEO Mat Ishbia while the two were students at Michigan State University. United Wholesale Mortgage is a rival to Gilbert’s Quicken Loans.  Read more at MFI-Miami

Quicken Loans Throws In The Towel And Agrees To Settle DOJ’s False Claims Act Lawsuit For $32.5 Million Quicken Loans and Dan Gilbert did something Gilbert claimed they would never do. They caved to the government. They agreed t0 settle with the government over Quicken Loans FHA lending practices. Quicken has agreed to pay the government $32.5 million to resolve claims that it violated the False Claims Act. The agreement also puts the highly contentious dispute with HUD and the DOJ to rest. The DOJ alleged that Quicken instituted an underwriting process that encouraged employees to disregard FHA rules. The DOJ also alleged that the lender falsely certified underwriting requirements to reap the profits from FHA-insured mortgages. DOJ filed a lawsuit  against Quickens alleging that Quicken Loans bullied appraisers to receive higher values for applicants and that underwriting managers encouraged underwriters to “fudge” the incomes of hundreds of applicants. Read mo...

Quicken Loans CEO Jay Farmer Confirms Quicken Loans Owner Dan Gilbert Has Had A Stroke Quicken Loans owner Dan Gilbert suffered a stroke in the hospital Sunday. As a result, doctors had to immediately perform a catheter-based procedure. Gilbert suffered the stroke while hospitalized for an unrelated issue. Gilbert was moved to the intensive-care unit to recover after the procedure. The catheter-based procedure revealed further details about what sent Gilbert to initially seek medical treatment. Quicken Loans CEO told Detroit media: Dan is awake, responsive and resting comfortably. Dan and his family are immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery. Farner also stated Gilbert had not been feeling well Sunday morning and a family friend took him to Beaumont Hospital in Royal Oak. Farmer also stated: While under care at the hospital, he suffered a stroke. Farner added that Gilbert’s companies will...

Wall Street Bond Rating Agencies Gives Junk Bond Status To Detroit’s Quicken Loans Quicken Loans owner Dan Gilbert isn’t happy about Wall Street giving Quicken Loans a “Junk Bond” status. Wall Street Bond Rating Agencies have given Detroit-based Quicken Loans Junk Bond status. Yet, Quicken is enjoying strong profits. Quicken Loans is one of the city’s largest employers and the biggest revenue-generator in the business empire of Dan Gilbert. The reality in the finance world is much different. Quicken Loans is viewed as a risky business model. Its debt is commonly referred to as “junk”. Quicken’s debt is also considered too dangerous for some investors such as some pension funds. Many pension funds and money market funds are not allowed to buy junk bonds. The fundamental issue for Wall Street is the nature of its business as a non-bank mortgage lender. As a result, the rating agencies see a lender without any bank deposits high risk. Read more at MFI-Miami

AIME Accuses Quicken Loans And Other Major Retail Lenders Of Scamming Veterans On VA Loans The mortgage trade group AIME is claiming that Quicken Loans and other lenders are taking advantage of VA borrowers. Association of Independent Mortgage Experts CEO Anthony Casa alleges lenders are overcharging them for their mortgages. and overcharging them for their mortgages. HUD, Ginnie Mae, and the VA are investigating lenders. The government is investigating the lenders for targeting service members and veterans for quick and potentially risky refinance deals. The investigation has led to some lenders being  booted  from Ginnie Mae’s primary mortgage securities platforms. In addition, some lenders are also  being restricted  for questionable conduct. Casa accuses lenders of charging veterans as much as 20% higher for a mortgage in a  lengthy post on LinkedIn The AIME CEO also names the culprits. Casa accuses Quicken Loans, Movement Mortgage, ...

Large Wholesale Mortgage Brokers Like C2 Financial Begin Saying, “Hasta La Vista, Baby” To Quicken Loans Large wholesale mortgage brokers like C2 Financial are cutting ties with Quicken Loans by the end of the week. C2 Financial General Manager Brian Kent released the company memo to the public: As the leaders of C2 and the broker industry, we feel it is wrong for us to continue to partner with Quicken. Therefore, effective 8/15/18, C2 will no longer be working with Quicken. Quicken Loans CEO Jay Farner told Housingwire that he was shocked by the alleged memo: We are surprised and disappointed. That is the best way to put it. Brian Kent essentially accused Quicken Loans of stealing clients from C2 Financial.  Countrywide Financial used to do something similar during the housing boom. Back then, a wholesale broker would order a payoff from Countrywide. Instead of getting a payoff amount, the broker would get a call from the client claiming the Countrywide so...

The Only Quicken Loans Foreclosure Defense Team With A Track Record Of Delivering A TKO To Quicken Loans MFI-Miami has created a specialized Quicken Loans Foreclosure Defense Team. The team's focus will focus solely on developing strategies to give homeowners some serious foreclosure help!  We are the only foreclosure and mortgage experts with the strength to successfully challenge this company in any courtroom in the USA. Our competitors can't show any victories against Quicken Loans. No one can beat our track record of pissing off Quicken Loans owner Dan Gilbert by calling him out on Quicken's fraud . How do we know this? Because we have the 10-year track record   to prove it!  MFI-Miami's Quicken Loans Foreclosure Help Team is Quicken's worst nightmare . Why? MFI-Miami has successfully challenged some of their most arrogant foreclosure mill lawyers. For nearly 10-years, MFI-Miami CEO Steve Dibert has developed a reputation for pissing off...