"They should be told that if their loan was executed between 1970 and 1996 and if they do not have a FHA or VA loan, it is very likely they are members of the class. They do not have to do anything to become class members; rather they are already members by virtue of an order of the court.
"They should be told that they need to give the attorneys that represent the class their current address and any changes of address. Their info should be sent to: Mark Wintering, 55 Public Square, Suite 1500, Cleveland, Ohio 44113. Or they can e-mail the info to: [email protected].
"If they ask how much money they might have overpaid, they should be told that the amount of the overcharge requires a sophisticated calculation for each loan and cannot be estimated. If a borrower with a paid-off loan asks if, by paying off the loan, they somehow waived their right to participate in this suit, the answer is no. If they ask when they can expect a resolution of the suit, the best answer is that we are aiming to be in a position to discuss settlement in approximately six months."
