Mass. AG Probes Mortgage Registry Over Foreclosures

Law360, New York (July 25, 2011, 9:19 PM EDT) -- Massachusetts' attorney general said Monday that Mortgage Electronic Registration Systems Inc., an industry-created company that acts as a mortgagee for lenders, is under investigation in connection with unlawful foreclosures.

Attorney General Martha Coakley says in a letter that her office will send civil investigative demands to local registers of deeds to gather information on probes into the misconduct of creditors who rely on MERS.

"We are currently investigating creditor misconduct in connection with unlawful foreclosures," Coakley wrote. "We have focused particularly on creditors' reliance on MERS...
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