In a statement released following the May 24 ruling, Quicken Loans said it was pleased with the verdict. Quicken Loans was a substantial victory for Quicken Loans that also has significant implications for the mortgage industry, nullifying multiple suits mortgage settlement service providers have faced over the last decade. The plaintiffs had argued that RESPA prohibited mortgage providers from charging “unearned fees.” In a unanimous opinion, the Court disagreed: “Vague notions of statutory purpose provide no warrant for expanding §2607(b)’s prohibition beyond the field to which it is unambiguously limited: the splitting of fees paid for settlement services.” in a lawsuit involving interpretation of the Real Estate Settlement Procedures Act (“RESPA”) in a dispute over lending fees. The United States Supreme Court has ruled unanimously in favor of Goodwin Procter client Quicken Loans, Inc.

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