9th Circ. Clears MERS In Mortgage Fraud Suit
A three-judge panel said the trial court was correct to dismiss the suit, in which homeowners complained that MERS was a sham that gave its member banks — including JPMorgan Chase Bank NA, HSBC Mortgage Corp. and Wells Fargo Bank NA — no right to foreclose on MERS registered mortgages.
“We are unpersuaded that the plaintiffs’ allegations...
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