Inflated escrow

EAST ST. LOUIS, Ill. — An Illinois federal court dismisses fraud claims against a loan servicing company but allows RESPA and unjust enrichment claims to proceed because the borrowers plausibly claimed the company improperly inflated their escrow account with property taxes it didn’t owe, ignored more than 100 attempts to fix the error and refused to accept a payment less than the inflated figure. The fraud claims are dismissed because the borrowers failed to identify specific false statements made by the firm.Read the ruling here.Subscribe to our free newslettersOur weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.Additional Reads