United States Eighth Circuit

Certification of a class comprised of anyone who obtained a mortgage financed by defendant was reversed because a loan-specific analysis is required to determine whether the payment of "yield spread premium" is based upon services rendered or an illegal referral.

Appellate Information

• Decided 03/21/2002
• Published 03/21/2002

Judges

• BEAM, Circuit Judge., Before McMILLIAN, BEAM, and MURPHY, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Alan H. Maclin, argued, Minneapolis, MN (Robert J. Pratte, Margaret K. Savage, Mark G. Schroeder, Minneapolis, MN, on the brief), for appellant., Thomas M. Hefferon, John C. Englander, David L. Permut, Washington, DC, David D. Crane, St. Louis, MO, for amicus curiae Consumer Mortgage Coalition., James F. McCabe, Michael J. Agoglia, Andrew D. Muhlbach, San Francisco, CA, for amicus curiae Bankers Ass'n of America., Nina F. Simon, Jean Constantine-Davis, Washington, DC, Richard J. Rubin, Sante Fe, NM, Stuart T. Rossman, Boston, MA, amicus curiae for AARP, National Association of Consumer Advocates and National Consumer Law Center.


• For Appellees:
  
• Barry G. Reed, argued, Minneapolis, MN (Hart L. Robinovitch, Minneapolis, MN, on the brief), for appellees.