MERS subpoenaed by New York Attorney General Eric Schneiderman

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MERS subpoenaed by New York Attorney General Eric Schneiderman

MERS subpoenaed by New York Attorney General Eric Schneiderman

I think MERS’ Janice Spokeswoman needs to be updated on all that happened from 1998-2002 before she comments.

Just like the others who have resigned when the company is on the brink of exposure. Wait until they get a hold of those who were involved from the beginning (X-CEO and X-VP/Treasurer)… who know what’s up.

But they will be reeled back in because they knew all along this was bound to happen. You ain’t so smart now… are you?

REUTERS-

New York’s attorney general has subpoenaed MERS, the electronic registry of mortgages used by the banking industry, seeking information about how it is used by major banks, a person familiar with the matter said.

Delaware also took action by filing a lawsuit on Thursday that accuses MERS of taking unlawful shortcuts in dealing with the foreclosure crisis.

The registry used by the banking industry is “unreliable” and “frequently inaccurate,” Beau Biden, the state’s attorney general said in the lawsuit, which seeks penalties of $10,000 per violation.

New York Attorney General Eric Schneiderman issued a subpoena earlier this week demanding documents from MERS about how it is used by major banks, a source told Reuters.

The subpoena is part of a joint New York-Delaware mortgage probe, the source said.

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One Response to “MERS subpoenaed by New York Attorney General Eric Schneiderman”

  1. Carmen Dalia Taveras says:

    All fraud, deceptive practice and misrepresentation are been perpetrated upon unsuspected and inocent law abiding citizens with the consent of the Judicial System is happening daily as “business as usual” in the counties of New York State. In New York the courts are full of unscrupolous attorneys and corrupted judges that are getting away with committing “fraud upon the court” like taking candies from a baby. Soon the proctest on Wall Street must be taken to the Courts. Big, powerful, influential, and wealthy corporation are buying there way into the Judicial System. I will soon send my meritorious complaint to your office about a case where judges are committing “fraud upon the court.” Thks DALIA

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