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The Quicken Loans saga and the GOP's housing problem

Associated Press

The New York Times calls Quicken Loans "the new mortgage machine," citing the firm's rank as the second-largest originator of mortgages, which issues $96 billion per year in new mortgage debt.

But the lender is making less flattering headlines too, like those that reference the Justice Department's allegation that the firm misrepresented customers' credit scores or real estate appraisals in order to qualify for Federal Housing Administration insurance.