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MOORE v. LOMAS MORTG. USA

No. 90 C 5816.

796 F.Supp. 300 (1992)

Henry MOORE, Leola Moore, Joseph Washington and Dorothy Washington, Plaintiffs, v. LOMAS MORTGAGE USA, Defendant. LOMAS MORTGAGE USA, INC., Counterplaintiff, v. Joseph WASHINGTON and Dorothy Washington, Counterdefendants.

United States District Court, N.D. Illinois, E.D.

May 18, 1992.

Attorney(s) appearing for the Case

Daniel A. Edelman, Cathleen M. Combs, Francine Schwartz and Tara G. Redmond, Law Offices of Daniel Edelman and Lawrence Walner, Lawrence Walner & Assoc. Ltd., Chicago, Ill., for plaintiffs.

James R. Daly, Suzanne S. Greene and Robert C. Micheletto, Jones, Day, Reavis & Pogue, Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

ZAGEL, District Judge.

This cause is rooted in a class action suit brought against Lomas Mortgage USA, Inc. (counterplaintiffs here), a mortgage service company. Plaintiffs (counterdefendants here) hold mortgages that are owned or serviced by Lomas.1 The mortgages require class members to deposit 1/12 of annual taxes and insurance in a non-interest bearing escrow account each month. In their complaint...

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