High Court Refuses To Expand RESPA In Mortgage Fee Row

Law360, New York (May 24, 2012, 5:13 PM EDT) -- The U.S. Supreme Court on Thursday declined to broaden the scope of the Real Estate Settlement Procedures Act to allow a potential class of mortgage borrowers to recover allegedly unearned closing fees that Quicken Loans Inc. collected but didn't share with another party.

In a unanimous decision, the high court affirmed the Fifth Circuit's finding that RESPA is essentially an anti-kickback statute that requires consumers to demonstrate that fees collected for real estate settlement services that were never performed were divided between two or more parties...
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