Quicken Loans v. Marsha Gale Walters, Administratrix

WALKER, Justice:

Following a five-day trial in the Circuit Court of Raleigh County^ West Virginia, a jury found that Petitioner Quicken Loans, Inc. (“Quicken Loans”) violated the “illegal loan”, provision of the West Virginia Residential Mortgage Lender, Broker and Servicer Act, West Virginia Code § Sl-W-SCm)®1 in originating a primary mortgage loan for Respondent Sue Walters2 and was liable to Ms. Walters for damages in the amount of $27,000.00. The jury found in favor of Quicken Loans oh Ms. Walters’s claim of fraud, and further found that Quicken Loans had not acted with malice.

Significantly…