News Alert: New York attorney general sues Bank of America, J.P. Morgan and Wells Fargo over electronic mortgage registry

	Friday, February 3, 2012 1:34:25 PM ECONOMY/BUSINESS NEWS ALERT New York attorney general sues ank of America, J.P. Morgan and Wells Fargo over electronic mortgage registry New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures. Democrat Eric Schneiderman sued Bank of America, J.P. Morgan Chase and Wells Fargo over their use of the Mortgage Electronic Registration Systems Inc., or MERS, claiming the banks submitted court documents containing false and misleading information that appeared to provide the authority for foreclosures when there was none. Read more at: http://www.washingtonpost.com/business/markets/ny-ag-schneiderman-sues-banks-accusing-them-of-deceit-in-use-of-electronic-mortgage-registry/2012/02/03/gIQAfEHEnQ_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy