Legal Opinion
County of Ramsey v. MERSCORP Holdings, Inc.
District Court, D. Minnesota
Decided August 26, 2013No. Civil No. 13-474(DSD/LIB)PublishedCited by 1 opinion
1Opinion of the Court
ORDER
DAVID S. DOTY, District Judge.
This matter is before the court upon the motion to dismiss by defendants (collectively, MERS Defendants).1 Based on a review of the file, record and proceedings herein, and for the following reasons, the motion is granted.
BACKGROUND
This dispute arises out of the MERS Defendants’ failure to record mortgage assignments with Minnesota county recorders.
MERS & Mortgage-Backed Securities
In the 1990s, mortgage-backed securities (MBS) emerged as a popular investment vehicle. As part of the securitization process, lender banks initiated residential mortgage loans,…
2Cases cited26 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Braden v. Wal-Mart Stores, Inc.Court of Appeals for the Eighth Circuit · 2009
- Jama v. Immigration and Customs EnforcementSupreme Court of the United States · 2005
- American Family Insurance Group v. SchroedlSupreme Court of Minnesota · 2000
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3Cited by1 opinion
- Mayo Clinic v. United StatesDistrict Court, D. Minnesota · 2019