Borrowers, Quicken Spar Over RESPA Reach In High Court

Law360, New York (February 21, 2012, 8:58 PM EST) -- A lawyer for a potential class of mortgage borrowers urged the Supreme Court in oral arguments Tuesday to find that the Real Estate Settlement Procedures Act barred Quicken Loans Inc. and other lenders from collecting unearned fees, even if they weren’t shared with another party.

With support from the U.S. Solicitor General’s Office, Goldstein & Russell PC’s Kevin Russell argued that the high court should reverse a Fifth Circuit ruling that RESPA prohibited mortgage lenders from charging unearned fees on settlements only if another party took...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.