Judge Preliminarily Approves $4M Settlement Of Mortgage Insurance Kickback Suit

Judge Preliminarily Approves $4M Settlement Of Mortgage Insurance Kickback Suit

PHILADELPHIA - A federal judge in Pennsylvania on June 25 preliminarily approved a $4 million settlement to resolve a putative class's claims that Washington Mutual Bank FSB violated the Real Estate Settlement Procedures Act (RESPA) by collecting kickbacks and fees in return for referring customers to certain private mortgage insurance companies (Robert Alexander, et al. v. Washington Mutual Inc., No. 07-cv-04426-TON, E.D. Pa.).

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