Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
W S
Servicing / The Ticker

MERS notches win in Kentucky lawsuit

Scales of Justice - Law
KEYWORDS Kentucky / Lawsuit / MERS
/ Print / Reprints /
| Share More
/ Text Size+

A lawsuit in Kentucky brought against Virginia-based Mortgage Electronic Registration Services, or MERS, has been tossed out of U.S. District Court. The case, brought by 14 different Kentucky county attorneys against the mortgage firm, alleged MERS owed Kentucky counties millions of dollars in fees:

[The lawsuit] said the Kentucky legislature in 2006 changed state laws to require mortgage assignments to be recorded. It also instituted a $6 surcharge on recordings to provide a permanent source of funding for Kentucky's Affordable Housing Trust Fund.

The judge, in ruling against the county attorneys, cited a February 2013 order from the Sixth Circuit Court of Appeals that said county clerks lacked standing to sue MERS.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus