MERS

Mass AG Martha Coakley Will Not Join in Giving MERS and Banks a Deal

(Source: Huffington Business) – There are some rumblings that the Department of Justice is putting the pressure on state attorneys general to sign onto the controversial $20 billion mortgage settlement deal this week that could release banks from legal claims [...]


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Life On MERS: Archive Is At Center Of Mortgage Mess

(Source: Reuters By Scot J. Paltrow ) – A little-known institution in Reston, Virginia, has done much to help loan servicers produce foreclosure documents of questionable legitimacy, according to multiple recent court rulings and deposition testimony.


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Global Debt Registry Aims to Succeed Where MERS Failed

(Source: The Financial Services Daily Monitor By Jim Kim) – Whether you fundamentally believe that MERS has a legitimate role to the play in the mortgage sale process–and there are many vociferous critics right now–it would be hard to envision [...]


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Courts may reshape mortgage industry ‎

(Source: Washington Post) – The cases also underscore the uncertainty that continues to surround Mortgage Electronic Registration Systems, known as MERS, which has allowed the financial industry to transfer and reassign millions of mortgages quickly and cheaply since the 1990s. [...]


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US judge blocks foreclosure, rebukes industry practices in Oregon ‎

(Source: Daily Journal) PORTLAND, Ore. — The foreclosure fight in Oregon jumped to a new level last week after a federal judge in Medford rebuked the industry’s sloppy practices in blocking the seizure of a Jacksonville home, and mortgage issuers [...]


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Bank Gives Man Foreclosed House for Free

(Source: The Florida Times-Union By Roger Bull)  – Perry Laspina was in the middle of foreclosure with the possibility of losing the house he owned in Jacksonville. Then the mail came one day in late January telling him that the [...]


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