On Friday, Quicken Loans and the DOJ reached a resolution over allegations that the nonbank’s FHA lending practices violated the False Claims Act. Quicken Loans Vice Chairman Bill Emerson told HousingWire in an exclusive interview that the nonbank did not admit to any guilt and that the government realized its "bogus" claims were baseless.

Quicken Loans is now finally able to move past its beef with the DOJ over the nonbank’s FHA lending practices, as a mediator for the two parties announced Friday that they have finally reached a resolution. Without any admission of guilt or determination of wrongdoing on either side, Quicken agreed to pay the government $32.5 million to settle allegations that it violated the False Claims Act for submitting hundreds of "improperly underwritten" loans for FHA mortgage insurance. Click the headline for more.

For the last several years, much of the narrative surrounding the housing business has been focused on the digitization of the mortgage and home buying process. Seemingly every day, there's another lender unveiling a digital mortgage process. And every few weeks, it seems as if there's another iBuyer joining the market, offering homeowners the opportunity to sell their home with the click of a button. But two of the top CEOs in the mortgage business said Friday that the "one-click" mortgage is not endgame that so many people seem to think it is.

At HousingWire’s engage.marketing conference in Charlotte, North Carolina, top mortgage originators discussed how they market themselves, and why this is an essential part of finding success in their jobs.

Depending on how you look at it, the wave of Millennial homebuyers is either already happening or may not happen at all. Either way, the face of the mortgage borrower is changing. It may not be changing as fast as we once thought, but change is happening. And all across the industry, mortgage companies are working to be in a position to capitalize on that change, in whatever form it takes.

There’s an opportunity to give data that opinion-shaping power when it comes to answering a specific question regarding neighborhood stabilization: is it better for a distressed foreclosure property to revert back to the foreclosing lender or be sold to a real estate investor at the foreclosure auction, if the primary goal is to most effectively stabilize the surrounding neighborhood?

The House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA's policy that requires borrowers to pay mortgage insurance for the life of the loan – something housing industry participants have lobbied for for years.

After months and months of uncertainty about whether the FHA is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, HUD has finally given an official answer. And that answer is no.