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Quicken Lobbyist Named to Trump Transition Team

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A recent Washington lobbyist for Quicken Loans Inc. has been named to President-elect Donald Trump’s transition team for the Department of Housing and Urban Development, but the Detroit-based mortgage company says there is no conflict of interest.

Shawn Krause is an executive vice president and has led Quicken’s government advocacy program in the nation’s capital. She was a registered lobbyist for the online mortgage giant from about 2010 until this October, although she had not done active lobbying for some time, according to Quicken Loans Chief Executive Officer Bill Emerson.

Emerson said he sees no conflicts of interest for Quicken as Krause takes on her new, and likely temporary, government assignment. It is expected that Krause would return to Quicken once the transition work is done.

Quicken is the largest originator by volume of mortgages backed by the Federal Housing Administration, which is part of HUD. It also is battling a federal lawsuit involving fraud allegations concerning FHA mortgages.

The company denies the allegations.

“She is just going to help them get set up and get organized,” Emerson said. “I see no conflict of interest. We do FHA business, and we have done FHA business.”

Krause began working for Quicken in 1991 as a loan processor and has held numerous positions in the company since then. She is a member of committees within the Mortgage Bankers Association, the Housing Policy Council and Women in Housing & Finance, according to a biography on the company’s website.

“I think she’ll do a great job,” Emerson said. “HUD is about housing, and Shawn has been in the housing industry for over 26 years. She understands the industry inside and out, and I can’t imagine anyone better who you would want to have.”

In the wake of his campaign pledge to “drain the swamp” in Washington, Trump said after the election that he would ban state and federal lobbyists from his administration. His restrictions require incoming officials to both end lobbying activities and pledge not to lobby for five years once they leave the government.

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