Housing News

Massachusetts Court of Appeals upholds MERS rights

Massachusetts Court of Appeals upholds MERS rights
MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage. In a lawsuit entitled Shea v. Federal National Mortgage Association .. . . . → Read More: Massachusetts Court of Appeals upholds MERS rights
Housing News

Judge Denies Dismissal of ResCap Mortgage Lawsuit

Judge Denies Dismissal of ResCap Mortgage Lawsuit
A New York bankruptcy judge on Tuesday did not dismiss four lawsuits brought by the Residential Capital bankruptcy trust, alleging mortgage originators including UBS Real Estate Securities and SunTrust Mortgage sold billions of dollars in defective loans. . . . → Read More: Judge Denies Dismissal of ResCap Mortgage Lawsuit
Housing News

Schneiderman to Target More Banks for Mortgage Securities Fraud

Banks are not past the days of mortgage fraud cases, according to an article in Reuters. Eric Schneiderman, the New York attorney general, said he plans to bring more fraud cases against the world’s biggest banks for selling shoddy mortgage-backed securities before the financial crisis. . . . → Read More: Schneiderman to Target More Banks for Mortgage Securities Fraud