The company filed for bankruptcy protection this week, a maneuver that could lead to a merger with Finance of America. What the two nonbanks have in common: both are owned by The Blackstone Group. But it’s hardly a done deal.
Quicken rarely talks about its presence in the wholesale/broker market, but the company recently named a new EVP Austin Niemiec in charge of the business. Meanwhile, some have pegged Quicken's wholesale volume at $5 billion a quarter. What's going on here?