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NY Observer: Eric Schneiderman Suing Three Major Banks For "Deceptive And Fraudulent Foreclosure Practices

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Headlined to None 2/3/12

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Eric Snyderman
(image by NY Observer)

State Attorney General Eric Schneiderman filed a suit today against Bank Of America, J.P. Morgan Chase and Wells Fargo for creating and using a private national mortgage electronic registry system called MERS to bring ' foreclosure proceedings en masse based on deceptive and fraudulent court submissions.' 'The banks created the MERS system as an end-run around the property recording system, to facilitate the rapid securitization and sale of mortgages,' Mr. Schneiderman said in a statement about the suit.

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"Schneiderman graduated from Amherst College in 19... by GLloyd Rowsey on Friday, Feb 3, 2012 at 10:48:12 PM
...get the judges to go along with this and see th... by Ginger McClemons on Saturday, Feb 4, 2012 at 11:00:47 AM
When our law enforcement system actually practices... by AAA AAA on Saturday, Feb 4, 2012 at 4:01:53 PM
Suing the banksters is a definite improvement, a p... by Robert James on Saturday, Feb 4, 2012 at 4:56:20 PM