Judge Backs Class Cert. In PHH Reinsurance Kickback Suit

Law360, New York (May 16, 2013, 3:45 PM EDT) -- A California magistrate judge on Tuesday recommended certifying a class of borrowers claiming that mortgage lender PHH Corp. used a shady reinsurance scheme to rake in an unlawful cut of the premiums they paid for mortgage insurance, finding the U.S. Supreme Court's recent Comcast ruling didn't create a barrier to certification.

U.S. Magistrate Judge Barbara McAuliffe said a class of more than 83,600 borrowers should be certified despite the U.S. Supreme Court's recent decision in Comcast Corp. v. Behrend, which held that class actions shouldn't be...
To view the full article, register now.