MERS Responds to Some of Schneiderman's Claims

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MERS Responds to Some of Schneiderman’s Claims

MERS Responds to Some of Schneiderman’s Claims

Financial Fraud Law-

We mentioned the other day that New York Attorney General Eric Schneiderman has sued major banks for “deceptive and fraudulent use” of MERS.  MERS has issued a response that we believe merits being repeated here in full: 

“Mortgage Electronic Registration Systems, Inc. (MERS) takes its role as a mortgagee very seriously. The MERS® System is an important part of the mortgage industry and the MERS business model has been consistently validated in all 50 states. All of the activities of MERSCORP and MERS are in compliance with state and federal laws. We are confident that as people understand more about MERS and the role we play, they will see that MERS adds great value to our nation’s system of housing finance in ways that benefit not just financial institutions, the broader economy and the government, but—most of all—homeowners.

[FINANCIAL FRAUD LAW]

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One Response to “MERS Responds to Some of Schneiderman’s Claims”

  1. Hello MERS, remember me…well, what I discovered after suing you for my clients, and like everyone else will very soon, is MERS is just a FOUR LETTER WORD that soon will be flushed down the toilet where it belongs.

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