Megabanks Settle with New York in MERS Case

Bank of America, JPMorgan Chase, and three other residential servicers agreed to pay $25 million to New York State to resolve certain monetary claims over the use of the MERS database after reaching a $25 billion national settlement on robo-signing charges.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_558/megabanks-settle-ny-mers-case-1029365-1.html

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