Tuesday, March 8, 2011

The Stench Left By MERS After Swallowing Your Loan

Mortgage Electronic Registration Systems, also known as MERS, "whose private mortgage registry has all but replaced the nation’s public land ownership records," takes a heavy hammering in a recent article in The New York Times for the central role it's played in creating the quagmire in the foreclosure process as it and lenders (real and purported) attempt to enforce delinquent promissory notes secured by mortgages on people's homes.

For the story, see MERS? It May Have Swallowed Your Loan.

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