Bloomberg's Sterngold on Mortgage Lawsuits

Bloomberg's Sterngold on Mortgage Lawsuits Play

Sept. 23 (Bloomberg) -- Bloomberg News reporter James Sterngold talks about a lawsuit filed by Dallas County, Texas, District Attorney Craig Watkins against Mortgage Electronic Registration Systems Inc. and Bank of America Corp. involving a system used for more than a decade to register mortgages. Bank of America is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties were cheated out of millions of dollars in filing fees. Sterngold talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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