Montgomery County Can Pursue Litigation Against MERS

Margaret Gibbons, The federal court has upheld the Montgomery County Recorder of Deeds’ right to sue an electronic mortgage registry company and banks doing business with that company for $15.7 million that she claims is owed to the county in recording fees. The court Friday issued a 36-page memorandum and order denying a motion by […]

MERS Settles w/ Delaware AG & Agrees To Conduct Audit

Jon Prior, Housing Wire Mortgage Electronic Registration Systems will audit its records and report results as part of a settlement announced with the Delaware Attorney General Friday. “MERS’ inaccurate and unreliable records raised serious questions about who owns what in America,” Delaware AG Beau Biden said. “The steps MERS will now take will help answer those […]

Federal Judge Allows MERS Suit To Move Forward

Margaret Cronin Fisk and Tom Korosec, Bloomberg Bank of America Corp. and Mortgage Electronic Registration Systems Inc. failed to persuade a judge to dismiss a lawsuit claiming they shortchanged Texas counties out of uncollected mortgage filing fees. “The plaintiffs have brought sufficient evidence to allow the case to go forward,” U.S. District Judge Reed O’Connor in […]

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