“The lawsuit also claims MERS’ conduct led to unlawful foreclosure practices, but MERS says the suit doesn’t cite a single instance in which a Delaware consumer not in default on a mortgage lost a home in foreclosure because of its actions.”


Mortgage registration company wants suit dismissed

WILMINGTON, Del. (AP) – A company that runs a nationwide electronic mortgage registry is asking a Delaware judge to dismiss a deceptive trade practices lawsuit filed by the Delaware attorney general’s office.

A Chancery Court judge was to hear arguments Wednesday on a motion by Virginia-based Mortgage Electronic Registration Systems Inc. to dismiss what it says is an absurd and baseless lawsuit.

State officials sued MERS last fall, saying it has sown confusion among consumers, investors and other stakeholders in the mortgage finance system and damaged the integrity of Delaware’s land records system.

Source: AP