Search for: "Mortgage Electronic System (MERS)"
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13 Sep 2011, 1:43 pm
The Court approved of the Gomes decision, noted previously in this blog, that plaintiffs’ had no basis to plead a claim for damages for wrongful initiation of a foreclosure by MERS (Mortgage Electronic Registration Systems, Inc.) as agent for Countrywide. [read post]
12 Sep 2011, 8:55 am
Part and parcel of this system was Mortgage Electronic Registration Systems, Inc. [read post]
6 Sep 2011, 7:52 am
The plaintiffs, who were allegedly overcharged during post-judgment payoffs following entry of a mortgage foreclosure, brought this action against the defendants, Mortgage Electronic Systems, Inc., GMAC Mortgage, LLC, and GMAC Bank. [read post]
3 Sep 2011, 3:06 am
When you attend either of the upcoming seminars, you’ll learn about such topics as… Fannie & Freddie’s Securitization Model & Master Trust Agreements The Ginnie Mae Securitization Model Master Servicers, Primary Servicers, Back-Up Servicers, Default Servicers, Speciality Servicers and Sub-Servicers The REMIC Tax Act of 1986 and REMIC Tax Opinions Role of Pooling & Servicing Agreements & Section 1-302 of the UCC and PSA New York and Delaware Trust Law Custodians… [read post]
28 Aug 2011, 9:18 am
Most of the mortgages are owned by an entity called MERS (Mortgage Electronic Recording System). [read post]
22 Aug 2011, 6:16 am
MERS (Mortgage Electronic Registration System), a service created to track mortgage transfers, was created in 1994. [read post]
19 Aug 2011, 6:13 am
One of the biggest determinants of banks liability, however, will be the extent to which the Mortgage Electronic Registration System, or MERS, takes responsibility. [read post]
18 Aug 2011, 6:05 am
But MERS is essentially a mortgage tracking system, so proving this ownership seems unlikely. [read post]
16 Aug 2011, 6:21 am
Effective July 22, 2011, MERS officially changed Rule 8 of the Rules of Membership which now states: "No foreclosure proceeding may be initiated, and not Proof of Claim or Motion for Relief from Stay (Legal Proceedings) in a bankruptcy may be filed, in the name of Mortgage Electronic Registration Systems, Inc. [read post]
15 Aug 2011, 7:30 pm
. ___ (April 21, 2011), discussed here, the Michigan Court of Appeals held that Mortgage Electronic Registration Systems, Inc. [read post]
7 Aug 2011, 12:18 pm
The banks have also dealt with the struggles of MERS -- Mortgage Electronic Registration Systems -- a system created by lenders in the mid 1990s to more quickly keep track of purchases and sales of homes than county clerks of court. [read post]
4 Aug 2011, 3:04 pm
Mortgage Electronic Registration Systems, Inc., 642 F.Supp.2d 1048, 1057 (N.D.Cal.2009). [read post]
4 Aug 2011, 9:01 am
In this case the defendant homeowner sought to stave off eviction from his Boston home after a foreclosure initiated by Mortgage Electronic Registration Systems, Inc. [read post]
3 Aug 2011, 11:38 am
The deal would be contingent upon the terms of future potential lawsuits against banks and what will happen to MERS -- Mortgage Electronic Registry Systems. [read post]
1 Aug 2011, 3:13 pm
The registration requirements of this section may be satisfied by providing the information required above to the Mortgage Electronic Registration System (MERS). [read post]
31 Jul 2011, 9:07 am
Merrill Reuters has reported Mortgage Electronic Registration Systems (“MERS”) announced rule changes to their members on July 21, 2011. [read post]
29 Jul 2011, 5:23 pm
One involves the Mortgage Electronic Registration Service, or as we’ve all come to know it… MERS, and the other centers around the question of whether the trust, on whose behalf the servicer is seeking to foreclose, does in fact own the note. [read post]
29 Jul 2011, 8:00 am
The Mortgage Electronic Registering Systems, Inc. [read post]
28 Jul 2011, 9:03 am
The Boston Globe recently reported that Massachusetts Attorney General Martha Coakley is not backing off her invetigation into the practices of the Mortgage Electronic Registration System known as MERS. [read post]
25 Jul 2011, 4:56 pm
Instead of having a clear chain of title from owner to owner to owner, the necessary written documents (assignments of mortgage) were replaced with an electronic system under the control of the very banking system that would profit from avoiding written conveyances. [read post]
