Mortgage Database Co. Slams Del. AG's Foreclosure Suit

Law360, Wilmington (May 30, 2012, 8:33 PM EDT) -- Merscorp Inc., which runs a nationwide mortgage database, tried to persuade a Delaware judge in court on Wednesday to dismiss the state attorney general’s lawsuit accusing the company of fueling the foreclosure crisis through deceptive trade practices.

At a hearing in Delaware Chancery Court, MERS, as the company and its database are commonly known, said that it only promotes or offers services to mortgage lenders and other industry participants, not to borrowers. As such, the attorney general cannot bring claims on behalf of consumers under Delaware’s...
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