WASHINGTON, D.C. - (Mealey's) A
unanimous U.S. Supreme Court on May 24 upheld a Fifth Circuit U.S. Court of
Appeals majority decision to award summary judgment to Quicken Loans Inc. after
finding that plaintiffs must show that parties split fees from settlement
services in order to pursue a claim...
By Richard J. Andreano, Jr.,
Upon further review, the concept of a flat loan origination fee was deemed to be a bad idea by the Consumer Financial Protection Bureau. On August 17, 2012, the CFPB issued the much-anticipated proposal to integrate the Dodd-Frank loan originator compensation provisions...