“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.
Prior to Quicken filing its suit in April 2015, HUD had tried to work out a multi-million dollar legal settlement with the lender, whereby Quicken would admit to wrongdoing.
If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.