This lawsuit arises from, among other things, Defendants doing the following to Plaintiffs and other homeowners:(a)Deceiving Plaintiffs to induce them to enter into loans and deeds of trust from approximately 2003 through 2008 and which were originated or acquired by Defendants and are purportedly serviced by Defendants;
(b) Fraudulently and in violation of the California Commercial Code using Mortgage Electronic Registration Systems Inc., a/k/a MERSCORP, Inc. (“MERS”) to hide true ownership of these mortgages;
(c) Failing to perform their obligations in connection with their acceptance of TARP funds;
(d) Breaching Plaintiffs’ statutorily protected rights, including, consumer and homeowner protection statutes by, among other things, processing money from unkown offshore sources, in contravention of the Patriot Act and failing to disclose the foregoing in violation of the Truth in Lending Act.
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