U.S. Bancorp Mortgage Co. joined the ranks of mortgage servicers paying up for allegedly over-escrowing mortgage loans after agreeing to settle a class-action dispute out of court by reimbursing mortgagors.

The case, Tyrone Howard and Rosie M. Howard vs. U.S. Bancorp Mortgage Corp., No. 91 C 4951, was filed in the U.S. District Court for the Northern District of Illinois. Federal Judge James B. Zagel tentatively approved the settlement March 14.

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