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  • Huge Win in Quicken RESPA Case


    Authority Authority:
    A ruling Thursday by the U.S. Supreme Court on unearned fees is good news for Quicken Loans Inc. and for mortgage lenders in general. But the ruling was a setback for the Department of Housing and Urban Development. The Supreme Court agreed last year to hear the case, which addressed whether Section 8(b) of the Real ...
    2 days ago
  • Corporate Court Gives Thumbs Up to Mortgage Scam


    Justice WatchAuthority Authority: 418
    Today the Supreme Court issued its decision in Freeman v. Quicken Loans ( .pdf download ), holding unanimously that the statute in question does not prohibit mortgage lenders from charging “unearned fees” – that is, charging fees for services never rendered. As a result of the Court’s decision in Freeman ...
    2 days ago
  • Supreme Court: Families cannot sue over loan discount fee


    Authority Authority:
    WASHINGTON — The Supreme Court ruled unanimously Thursday that three families cannot sue a mortgage company for allegedly charging them a loan discount fee without giving them a lower interest rate. The high court’s decision tosses out lawsuits filed in 2008 against Quicken Loans, Inc., in Louisiana by three ...
    3 days ago
  • Awaiting the Court’s Decisions in Two Mortgage Scam Cases


    Justice WatchAuthority Authority: 418
    Among the cases on the Corporate Court docket that have yet to be decided are two that deal with interpretations of the Real Estate Procedures Act of 1974 (“RESPA”), which was enacted to prevent abuses in the mortgage industry. At stake in both cases is the protection of home buyers from unscrupulous real estate ...
    5 days ago
  • Quicken Correspondent Unit Reports Huge Growth


    Authority Authority:
    A relatively new division of Quicken Loans Inc. that provides production services to financial institutions is reporting "explosive growth." The unit is in heavy recruitment mode. Quicken Loans Mortgage Services was launched in 2010 to provide mortgage fulfillment services to community banks and credit unions. The ...
    1 week ago
  • A Look Ahead: The Last Decisions of the Supreme Courts Term


    Justice WatchAuthority Authority: 418
    Last week the Supreme Court heard the final oral argument of the term in Arizona v. United States . With little more than two months left until the term officially ends, let’s take a brief look at the cases on the Corporate Court docket in which decisions remain outstanding. In Christopher v. SmithKline Beecham ...
    3 weeks ago
  • Quicken Seeing Success With Technology Recruiting Campaign


    Authority Authority:
    Earlier this month, Quicken Loans Inc. and its affiliates reached out to technology employees who were notified they would be laid off at Yahoo! So far, there has been plenty of interest. "A group of Detroit businesses are encouraging the more than 2,000 recently laid off Yahoo employees to consider bringing their ...
    4 weeks ago
  • NASCAR 101 Infographic


    Authority Authority:
    Maybe you’re new to NASCAR and could use an introduction?Maybe you’re a superfan and you want to help your uninformed friends/family members/random people on the street realize the awesomeness of stock car racing?Maybe you like beautifully-designed artwork that is not only pleasing to the eyes but chock full of ...
    4 weeks ago
  • Another Quicken Record


    Authority Authority:
    Quicken Loans Inc. followed up its best quarter ever in mortgage production with a new quarterly origination record — more than doubling its activity from a year earlier. Headcount, meanwhile, continued to climb. During the period beginning Oct. 1, 2011, and ending Dec. 31, 2011, Quicken previously reported that ...
    4 weeks ago

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