June 20, 2013:
Prescott Lovern, Sr. (Lovern) presented not once, but twice, undeniable physical evidence to the Pennsylvania (PA) Banking & Securities Agency, and, the PA Governor’s Office, that a PA bank [Metro Bank] and mortgage company [TBI Mortgage - owned by Toll Brothers] that Corbett’s Executive Department regulates are both participating in mortgage, foreclosure & title fraud with Mortgage Electronic Registration Systems, Inc. et al. This illegal activity is damaging PA residents and consumers outside PA.
R & L Associates Law president, Prescott Lovern, Sr, stated that he is convinced there are other PA banks and mortgage companies doing the same thing, just like every other state. Governor Corbett and his regulators are covering-up the various frauds. Lovern has already filed a private attorney general, extraterritorial, lawsuit against MERSCORP Holdings, Inc., Mortgage Electronic registration Systems, Inc., Fannie Mae, Lender Processing Services, IBM’s mortgage servicing company Seterus, and, Fidelity Title Group, Inc. [D.C. Superior Court case No. 003715 B]. Each victim is entitled to statutory damages in the amount of $10,500, and their are millions of victims, which equates to hundreds of billions of dollars.
“Governor Corbett and PA regulators may also be sued because the fraud has to stop,” stated Lovern.