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Lennar’s mortgage subsidiary is under investigation by the Department of Justice over underwriting related to Federal Housing Administration loans, the major U.S. homebuilder disclosed Thursday.

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Lennar’s mortgage division slapped by Justice Department. Quicken Loans is currently fighting the Justice Department over a similar issue. Lennar shares have gained more than 52% over the past 12 months, beating the 23.5% increase for the S&P 500 index [s:spx].

Home Loans in Wright Filing Bankruptcy Lennar Corp. subsidiary Eagle Home Mortgage had high FHA delinquency rate before Department of Justice subpoena – South Florida Business Journal

The mortgage subsidiary of Miami-based home builder Lennar Corp. provided information on Federal Housing Administration (FHA) loans to the U.S. Department of Justice in response to a subpoena.

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Justice Department Investigating Lennar Mortgage unit. fha lending at issue. Jan. 25, 2018. By Mortgage Daily staff. The mortgage subsidiary of home builder Lennar Corp. is being investigated over its handling of the lending process on government-insured loans.

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