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10 Oct 2011, 6:15 am
State and federal officials have been engaging in negotiation settlement talks with the United States' largest banks regarding the shoddy foreclosure practices of Mortgage Electronic Registration Systems (MERS). [read post]
6 Oct 2011, 12:25 pm by lennyesq
The 12-page agreement also prohibits the firm’s employees from executing mortgage assignments as officials or representatives of MERS, an electronic mortgage registry system. [read post]
5 Oct 2011, 3:41 pm
A number of homeowners have been challenging foreclosures nationally based on their bank's use of the Mortgage Electronic Registration System (MERS). [read post]
5 Oct 2011, 12:12 pm by Nicole Kellner-Swick
A Nation Mired in MERS Mortgage Electronic Registration Systems, Inc. [read post]
3 Oct 2011, 8:17 am by Rich Vetstein
This was a MERS mortgage (Mortgage Electronic Registration System) originally granted to BankUnited then assigned to Green Tree. [read post]
30 Sep 2011, 3:19 pm by Rich Vetstein
Based on arguments asserted by the lender, the court may also consider the circumstances by which a mortgage granted to Mortgage Electronic Registration System (MERS) can be effectively foreclosed in Massachusetts. [read post]
22 Sep 2011, 1:55 pm
With all the problems banks have had with the Mortgage Electronic Registration Systems and poorly documented loans, this bill appears to give banks the ability to show a replacement document -- manufactured, created after the fact or not, to prove they own the house. [read post]
16 Sep 2011, 7:34 am
Dunn used the money he received from investors to pay his mortgage, car payments, car insurance, and a variety of other personal expenses. [read post]
15 Sep 2011, 8:19 pm
As Chino foreclosure defense lawyers, we've blogged before about the use of MERS, or the Mortgage Electronic Registration System, in the mortgage industry. [read post]
13 Sep 2011, 1:43 pm by Michael
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]
3 Sep 2011, 3:06 am by Mandelman
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]
25 Aug 2011, 2:00 am by Kara OBrien
 Nonetheless, retail communications relating to an instrument that is not a security, such as a market-linked certificate of deposit, or relating to a security that is not registered under the Securities Act, such as a security exempt from registration under Section 3(a)(2) of the Securities Act, would not be subject to the filing requirement. [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
Mortgage Electronic Registration Systems, or MERS, the company created in an attempt to streamline property transfers across the Country has flourished since its inception in the early 90's, now finds itself under investigation by multiple States' Attorneys General. [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 by Sarah Lindsey
. ___ (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]