DOVER, Del. (AP) - The Delaware attorney general's office is dropping a deceptive trade practices lawsuit against a company that runs a nationwide electronic mortgage registry.
Attorney General Beau Biden announced a settlement with Virginia-based Mortgage Electronic Registration Systems Inc. on Friday.
The settlement was reached after a judge expressed skepticism about the state's claims at a May hearing on MERS' motion to dismiss the lawsuit.
Biden's office argued that the registry is riddled with inaccuracies that raise questions about the rights of homeowners facing foreclosure, including trying to find out who owns the underlying loan.
MERS argued that state officials can't point to any deception of consumers because the registry operates solely for the benefit of the financial institutions who are its members and does not provide any goods or services to homeowners.
Saturday, May 25 2013 10:24 AM EDT2013-05-25 14:24:55 GMT
CAPE MAY, New Jersey -Due to gale force winds, Cape May - Lewes Ferry officials have cancelled all operations for May 25. The ferry service, which connects Victorian Cape Ma and historic Lewes is expectedMore
Due to gale force winds, Cape May - Lewes Ferry officials have cancelled all operations for May 25.More
Friday, May 24 2013 1:34 PM EDT2013-05-24 17:34:05 GMT
WILMINGTON, Del.– Authorities say a Middletown-area registered sex offender has been arrested following a Delaware Child Predator Task Force investigation into the online distribution of child pornography. AccordingMore
Authorities say a Middletown-area registered sex offender has been arrested following a Delaware Child Predator Task Force investigation into the online distribution of child pornography.More
Saturday, May 25 2013 12:22 AM EDT2013-05-25 04:22:25 GMT
NEW YORK (AP)- This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds. The good news: At some U.S.More
Parents magazine recently named America's 10 best beach towns.
And Rehoboth Beach made the list. The beach town was named as one of several family vacation hotspots