A San Francisco-base mortgage servicer has agreed to a settlement of a class-action lawsuit dealing with alleged overescrowing under Respa that will provide members of the class with a de minimus refund.

The agreement by First Nationwide Bank is subject to final approval at a hearing scheduled for next month before Judge Eduardo C. Robreno in federal district court in Philadelphia.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.