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Press Release

United States Supreme Court Rules Unanimously in Favor of Quicken Loans

- Quicken Loans Victorious in Highest Court–

Detroit, Mich. – May 24, 2012 – Quicken Loans Inc. was victorious today in a unanimous ruling by the U.S. Supreme Court regarding Freeman v. Quicken Loans.

In response to today’s ruling, the company issued the following statement:

Quicken Loans is pleased that the United States Supreme Court has ruled in our favor in a unanimous decision and affirmed the complete dismissal of the plaintiffs’ claims.  Quicken Loans has won this case at every step and in every court – the U.S. District Court in New Orleans and the  U.S. Court of Appeals for the Fifth Circuit – and now before the U.S. Supreme Court.  Although we always believed that we were on the right side of the law, it is especially gratifying to have the affirmation of the highest court in the country.

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Note to Editors: Please contact Paula Silver, VP, Corporate Communications at 313/373-7255 or 734/536-1859 for all interview and fact checking requests.

About Quicken Loans Inc:

Quicken Loans Inc. is the nation’s largest online home lender and fourth largest retail lender. The company closed a record $30 billion in retail home loan volume across all 50 states in 2011. Quicken Loans generates loan production from five web centers located in Detroit, Ohio and Arizona. The company also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates in 2010 and 2011. “QuickenLoans.com” has been named “Best of the Web” by Forbes and Money magazines. The company ranked in the Top 10 of FORTUNE magazine’s “100 Best Companies To Work For” in 2012 and has placed among the top-30 companies on FORTUNE’s list for the past nine years. It ranked in the Top-15 of Computerworld magazine’s “100 Best Places to Work In Technology” for seven years in a row. The Quicken Loans Cleveland Web Center ranked #4 on the 2011 Plain Dealer Top Workplaces List for Mid-size Companies in 2011.

Quicken Loans was named #1 in the Detroit Free Press’ ‘Best Places to Work in Michigan’ List in 2010 and 2011. The company moved its headquarters and 3,700 of its more than 5,000 team members to downtown Detroit. Another 1,000 team members are expected to move to downtown Detroit in mid-2012. For more information about Quicken Loans, please visit us on the web at www.quickenloans.com, on Twitter at @QLnews, and on Facebook at www.facebook.com/QuickenLoans.

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