Friday, February 3, 2012

NY Attorney General Slaps Fresh Mortgage Lawsuits On BofA, JPMorgan, Wells Fargo
When it rains it pours, they say, and when it comes to banks and the mortgage mess it has been pouring for five years straight. The latest storm comes from the office of New York State Attorney General Eric Schneiderman, which charged several major U.S. banks with executing a range of “deceptive and fraudulent” foreclosure filings through the creation and use of MERS, a private national mortgage electronic registry system.

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