Hylla to hear arguments in settlement of '03 Countrywide class action
A seven year-old class action over fees charged by a mortgage broker may be at an end.
Madison County Circuit Judge David Hylla is scheduled to hear arguments in favor of its settlement Feb. 22.
The suit was one of several filed against mortgage brokers on behalf of borrowers who claimed they were overcharged.
Lead plaintiff Todd Morgan is also involved in a 2004 class action against Countrywide Home Loans Inc. that remains open.
The settlement fairness hearing set to take place Monday relates to his 2003 class action against Countrywide.
The settlement fairness hearing was set for Jan. 20. However, it was rescheduled the week before by agreement of the parties according to the case's docket sheet.
Morgan is represented by Paul Marks.
Countrywide is represented by Beth Bauer.
The case is Madison case number 03-L-980.