The fate of Mortgage Electronic Registrations Systems Inc. (MERS), - TopicsExpress



          

The fate of Mortgage Electronic Registrations Systems Inc. (MERS), which documents the ownership and resale of about half of U.S. home loans, remains uncertain as it wrestles with regulators, lawsuits and the departures of senior employees. MERS has yet to complete fixes promised in a broad 2011 U.S. settlement designed to stop foreclosure abuses. The company faces numerous lawsuits and state probes that challenge its business model as well as the legality of its filings in hundreds of county courthouses. #MERS #MortgageElectronicRegistrationSystems
Posted on: Wed, 30 Apr 2014 12:35:14 +0000

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