Freeman v. Quicken Loans Inc. - Post-Decision SCOTUScast
SCOTUScast 05-30-12 featuring Andrew Morriss
May 30, 2012Andrew P. Morriss
To listen, please right click on the audio file you wish to hear and then select "Save Link As..." or "Save Target As..." After you save the audio file to your computer, you can then listen to it in your audio player of choice.
Freeman v. Quicken Loans Inc. - Post-Decision SCOTUScast - MP3
Running Time: 00:13:02
On May 24, 2012, the Supreme Court announced its decision in Freeman v. Quicken Loans, Inc. This case involves a section of the Real Estate Settlement Procedures Act stating that “[n]o person shall give and no person shall accept any portion, split, or percentage of any charge made or received for the rendering of a real estate settlement service in connection with a transaction involving a federally related mortgage loan other than for services actually performed.” The question was whether this prohibition extends to “unearned, undivided” fees that lenders sometimes charge to borrowers at the closing of mortgage transactions.
In an opinion delivered by Justice Scalia, the Court held unanimously that, for a plaintiff to establish a violation of the prohibition in question, he or she must demonstrate that the charges for settlement services were divided between two or more persons.
To discuss the case, we have Andrew Morriss, who is the D. Paul Jones, Jr. & Charlene Angelich Jones Chairholder of Law at the University of Alabama School of Law.
|Opinion - May 24, 2012 (PDF)|
|Oral Argument Transcript - February 21, 2012 (PDF)|