NAILTA joins PRODA and files Amicus brief in current litigation against MERS

    National Association of Independent Land Title (NAILTA) has joined with the Pennsylvania Recorder of Deeds Association (PRODA) to file an Amicus brief on behalf of NAILTA and in support of the Montgomery County Recorder’s Office in their current litigation against MERS. Nancy Becker, Montgomery County Recorder and supporter of NAILTA, requested we file an…

Kentucky sues MERS!

As reported at Source of Title: “County attorneys for 14 of Kentucky’s 120 counties have jointly filed a class action suit against MERS and dozens of MERS shareholders, including title industry organizations such as ALTA, First American, and Stewart.  The lawsuit accuses MERS of negligent and/or willful violation of Kentucky recording laws, fraud, unjust enrichment,…

Louisiana Clerks of Court Sue MERS

In the continuing saga of fraud, racketeering and debauchery, the incorrigible MERS is once again in the news.  This time in the state of Louisiana.  Clerks of court in 30 of Louisiana’s 64 parishes have combined to file a lawsuit this week against 17 MERS member banks and financial institutions, alleging violations of federal racketeering…

MERS Sued in Florida

Duval County Florida County Clerk Jim Fuller, has filed a class action lawsuit against MERS on behalf of Duval County and other counties in Florida. The suit alleges that the bank-owned mortgage registry violates state laws and has cost local governments millions in unpaid recording fees.

Delaware – first state to file suit against MERS.

Delaware has become the first state to file suit against MERS and NAILTA responds!  A copy of the following letter joined an email that was sent by John Novarina to Attorney General Beau Biden who filed suit against MERS yesterday. Click here for the press release and copy of complaint from yesterday.  The suit mirrors suits now pending in PA, MA,…

Three Steps to a Healthier Land Title Record System

The Mortgage Electronic Registration System (MERS), a private corporate experiment gone awry, has siphoned tens of millions of dollars away from state and county government recording offices and prevented those public officials from investing in safer and more accessible land title record system upgrades and improvements.   Step1 – Create a land title record grant program for…

NAILTA Issues Position Paper on HR 2425 MERS Bill

The National Association of Independent Land Title Agents (NAILTA) has issued a position paper on Congresswoman Marcy Kaptur’s HR 2425 which would again ask HUD to investigate the Mortgage Electronic Registry System (MERS) through a HUD study and limit the accessibility to MERS by governement sponsored enterprises such as Fannie Mae and Freddie Mac, which curiously,…