Class Certified In Suit Alleging Illegal Kickbacks And Scheme To Defraud Borrowers

(September 18, 2023, 1:30 PM EDT) -- BALTIMORE — A federal judge in Maryland certified a class of borrowers and two subclasses of borrowers, finding that a lender’s argument that some of the class did not endure financial losses failed to “undermine the predominance of common legal and factual issues” in the case alleging that the lender engaged in both an illegal kickback agreement with its title and settlement company and a related plan to defraud borrowers on more than 750 loans into paying made-up charges for title and settlement services....