Mortgage Daily

Published On: November 26, 2013

Following several rulings in favor of Mortgage Electronic Registration Systems Inc. in lawsuits filed by counties in several states, a federal judge has handed down another favorable ruling.

Earlier this month, the U.S. Court of Appeals for the Seventh Circuit upheld a lower court ruling for MERSCORP Inc. in an action filed on behalf of all Illinois counties seeking lost recording fees.

Three consolidated actions filed against MERSCORP Holdings Inc. in Massachusetts by Bristol County, Norfolk County and Plymouth County were dismissed by a Massachusetts Superior Court.

In August, a federal judge in Minnesota dismissed lawsuits filed by the Minnesota counties of Ramsey and Hennepin against MERSCORP Holdings Inc. and Mortgage Electronic Registration Systems Inc.

In addition, MERS has been victorious in litigation filed by Alameda County, Calif.; Duvall County, Fla.; Montgomery County, Pa.; and Plymouth County, Iowa.

The latest victory was out of Kentucky.

A U.S. District Judge Henry Wilhoit Jr. dismissed with prejudice a lawsuit filed by Boyd County against Mortgage Electronic Registration Systems Inc.

MERS said that the judge cited a Feb. 21 order from the Sixth Circuit Court of Appeals in Christian County Clerk v. MERS that held the clerks lacked a private right of action under the Kentucky statute (KRS 446.070) on which they based their case.

“Indeed, because Kentucky courts have recognized MERS’ role as a valid mortgagee, defendants had every reason to believe that naming MERS as mortgagee, as nominee for lender and lender’s successors and assign, was and is a true statement,” Wilhoit was quoted as saying.

However, not all of the news has been good for MERS.

The Supreme Court of Alabama in September rejected motions to dismiss two lawsuits, one filed by the probate judge of Barbour County and another filed by Walker County.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN