Alison Frankel: N.Y. AG's new MERS suit: Where are the MBS investors?

Categorized | STOP FORECLOSURE FRAUD

Alison Frankel: N.Y. AG’s new MERS suit: Where are the MBS investors?

Alison Frankel: N.Y. AG’s new MERS suit: Where are the MBS investors?

Reuters Legal-

After New York Attorney General Eric Schneiderman filed his new complaint against JPMorgan Chase, Bank of America, Wells Fargo, and the Mortgage Electronic Registry System, I got an email from the AG’s spokesman. “Looking forward to your story on the MERS lawsuit in the wake of your inaccurate conjecture this week,” it said, referring to my column expressing skepticism that the recently-announced joint mortgage-backed securities task force will accomplish more than the individual task force members have.

As I said in that piece, I’m eager for my skepticism to be proved unfounded. I hope the task force tells the world exactly who is responsible for the greed-driven securitization deficiencies already alleged in private MBS suits and in Congressional reports. I hope someone comes up with a legal theory to hold wrongdoers accountable for packaging mortgages that never should have been issued into securities that were (allegedly) not what they were represented to be.

That, however, is not what the AG’s new case does. [...]

[REUTERS LEGAL]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Comments

comments

Related posts:

  1. Alison Frankel: What can we expect from new DOJ/SEC/state AG task force on MBS? REUTERS LEGAL REPORTER ALISON FRANKEL - I follow mortgage-backed securities...
  2. FORECLOSURE FRAUD deal faces setbacks, again Reuters- A multi-state mortgage settlement in the works for more...
  3. CONFIRMED: LPS included in the 50 State Foreclosure Fraud Settlement Deal I knew there was something I was suppose to follow...
  4. Mortgage Task Force Has a Fancy Name, but Will It Get Tough? Where was Obama these last years, millions getting thrown out...
  5. OUTRAGEOUS | Massachusetts, Nevada and Arizona Must Withdraw From Bank Suits to Sign On Foreclosure Fraud Settlement Rumor (Now Confirmed) behind the scenes points to LPS also...

This post was written by:

- who has written 7010 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
RR Compliance Consulting Inc was established to provide training and support services to the Loss Mitigation Consulting Community.  There is a huge void in the market for this training since those who are truly practicing in the field have neither the time nor interest in providing this training.
Jamie Ranney, www.NantucketLaw.pro
LATEST TOP FORECLOSURE FRAUD CASES OPINIONS
Advertise your business on StopForeclosureFraud.com

Archives