Kevin Murphy v. Aurora Loan Services
Court of Appeals for the Eighth Circuit
1Opinion of the Court
GRUENDER, Circuit Judge.
The plaintiffs are all Minnesota homeowners (“Homeowners”) who borrowed money for the purpose of purchasing a home. Each signed a promissory note, promising to repay the loan. As security for the promise they executed a mortgage on which Mortgage Electronic Registration Systems, Inc. (“MERS”) 1 was the nominal mortgagee. The various lenders holding the Homeowners’ promissory notes then pooled, securitized, and sold them in the secondary market. MERS subsequently assigned each mortgage to Aurora Loan Services, LLC and Aurora Bank FSB (collectively “Aurora”). After the…
2Cases cited19 opinions
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- Davis v. Re-Trac Manufacturing CorporationSupreme Court of Minnesota · 1967
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