George, in general I agree with you about class actions, the problem as I have seen is that its only a benefit to lawyers,
In this case its the "Discovery" and the the targets. Many years ago now I talked here on this site about the "Forced Placed Insurance" and both federal and state regulators choose to ignore the evidence that this was used by banks as a tool to foreclose, and that the insurance in many cases was fraudulent, and kick backs were occurring, TEXAS covered up an investigation into SOUTHWEST BUSINESS CORPORATION, and LITTON LOAN, WISCONSIN, IGNORED its own state laws, well now things have changed.
FORCED PLACE INSURANCE was just a tool to exploit homeowners into paying more, and creating more economic hardship to keep a home owner in a "DEFAULT" status.
I am hoping for this class action to open the door with DISCOVERY to how FPI, was used, The tax evasion to states etc.
Home owners that lost there homes maybe able to use the information as newly discovered evidence of FRAUD, to reopen their case, or to use it for damages.
I don't believe anyone person has enough money to pursue this investigation and discovery. Im hoping for a lot out of these actions for past victims.