Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Quicken Loans Now Top Mortgage Lender to Indians


It looks as if there was a new top mortgage lender to American Indians last year, Quicken Loans of Michigan. And, the mortgage bank approves more loans to Natives than it doesn’t.

According to an early look at data lenders filed in their 2015 Home Mortgage Disclosure Act reports, Quicken has displaced Wells Fargo Bank as the top lender to Native Americans, unless a firm that hasn’t revealed its HMDA data yet comes in higher than the Michigan-based lender’s $283 million in lending.

San Francisco-based Wells slipped to second, with $276 million in 2015. Mid America Mortgage, Addison, Texas, took the bronze, with copy52 million.



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