In his latest broadside against the banking industry, Attorney General Eric T. Schneiderman is alleging that the nation's largest banks use the Mortgage Electronic Registration System to evade public filings, shortchange localities of $2 billion in fees and compromise the interests of homeowners.
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A.G. Sues Banks Over Their Use of MERS Electronic 'End-Around'
New York Law Journal
February 6, 2012
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