Parties Seek Final Approval Of $2.6M Settlement In RESPA Kickback Scheme Suit

Mealey's (October 7, 2021, 2:10 PM EDT) -- BALTIMORE — A federal judge should grant final approval of a $2,606,776 settlement in a class action alleging that a mortgage loan servicer engaged in an illegal kickback scheme with a title and settlement services company in violation of the Real Estate Settlement Practices Act (RESPA) and the Racketeer Influenced and Corrupt Organizations Act (RICO) because the proposed settlement meets all statutory requirements for approval, the parties argue in a motion for final approval of the settlement filed Oct. 5 in Maryland federal court....