Final Approval Of Borrower Class Settlement Granted In RESPA, RICO Suit

Mealey's (November 2, 2021, 2:16 PM EDT) -- BALTIMORE — A federal magistrate judge in Maryland on Oct. 28 granted 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), ruling that the settlement is fair, reasonable and adequate....