The COUNTY OF RAMSEY; The County of Hennepin, on behalf of themselves and all other Minnesota counties, Plaintiffs-Appellants
v.
MERSCORP HOLDINGS, INC.; Mortgage Electronic Registration Systems, Inc.; Bank of America Corporation; Bank of America, N.A.; Citigroup, Inc.; CitiBank, N.A.; CitiMortgage, Inc.; Deutsche Bank National Trust Company; EverBank; Goldman Sachs Mortgage Company; GS Mortgage Securities Corp.; HSBC Bank USA, N.A.; JP Morgan Chase Bank, N.A.; Morgan Stanley ABS Capital I, Inc.; SunTrust Mortgage, Inc.; TCF National Bank; The Bank of New York Mellon; United Guaranty Corporation; US Bank N.A.; Wells Fargo Bank N.A.; Does Corporation I-MMM, Defendants-Appellees.
United States Court of Appeals, Eighth Circuit.https://leagle.com/images/logo.png
Before RILEY, Chief Judge, COLLOTON and SHEPHERD, Circuit Judges.
SHEPHERD, Circuit Judge.
Eighty-seven Minnesota counties (Counties) filed a class-action suit against the Appellees, various loan originators and servicers (Lenders), alleging that the Lenders' use of the Mortgage Electronic Registration System (MERS) deprived the Counties of recording fees on mortgage assignments by allowing parties to bypass recordation...
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