http://wkms.org en http://wkms.org/post/conway-alleges-mortgage-swapping-company-violated-state-law <p></p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">Claiming they committed fraud, Kentucky Attorney General Jack Conway has filed a suit against a mortgage company. Mortgage Electronic Registration Systems, or MERS, provides a marketplace for banks to trade mortgages and mortgage-backed securities.</p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">Conway says it was set up by banks to avoid the fees that must be paid when mortgages are sold and to hide the true owners of those mortgages. Wed, 23 Jan 2013 21:39:26 +0000 Kenny Colston (KPR) 27136 at http://wkms.org Conway Alleges Mortgage Swapping Company Violated State Law