Items Tagged with 'Merscorp'

ARTICLES

  • Fed fines another 5 banks $35.1 million for mortgage servicing and foreclosure infractions

    These big banks yet to be penalized
    On Friday, the Federal Reserve Board announced another $35.1 million in civil penalties against five banks as part of its effort to terminate enforcement actions, issued in 2011 and 2012, against a total of 10 banks related to residential mortgage loan servicing and foreclosure processing.
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  • MERS wins twice in Texas federal courts

    Right to assign deed upheld again
    The frequently legally challenged MERS won again in court recently, as the United States District Courts for the Southern District of Texas, Houston Division and the Northern District of Texas, Dallas Division held MERS' mortgage assignments were valid, and granted motions to dismiss in two cases.
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  • Another one bites the dust: MERS wins again

    California Third Appellate District Court affirms MERS’ rights to assign a mortgage
    MERSCORP Holdings announced Monday that it secured another victory over a homeowner who challenged its authority to assign a mortgage. MERS had its authority upheld this time by the Court of Appeal of California for the Third Appellate District.
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  • MERS’ mortgage assignment authority upheld by three Federal Courts

    Courts dismiss borrowers’ quiet title lawsuits
    MERS announced Friday that it secured victories in three separate Federal Courts, each of which upheld MERS’ mortgage assignment rights. In each case, the plaintiffs sued MERS and other financial companies to avoid foreclosure based on claims that MERS could not hold or assign a security instrument.
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  • MERS wins big once more in Federal Court of Appeals

    Overturns lower court ruling in suit brought by Pennsylvania county recorder
    For the third time in the last few weeks, MERSCORP Holdings secured a victory in a Federal Court of Appeals, which upheld MERS’ mortgage assignment rights. This time, a Pennsylvania county recorder sued MERS, arguing that MERS owed the county million of dollars in unpaid recording fees stemming from the transfer of promissory notes as mortgage assignments.
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  • Federal Court of Appeals finds for MERS, again

    Upholds lower court ruling on mortgage assignment authority
    Just days after the United States Sixth Circuit Court of Appeals handed a legal victory to MERSCORP Holdings, which saw its mortgage assignment authority challenged in Kentucky, MERS secured another win from the same court.
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