Archive for MERS
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Law Firm Pays $4 Million, Settles Foreclosure Abuse Probe
We are not big fans of the large mortgage lenders and servicers. MERS (Mortgage Electronic Registration Systems Inc.) is pretty far down on our list too. But besides from being overworked and… Read more
MERS And Recording – Past, Present, And Future (Pt. 3-A New System)
This is part 3 of a three part series. See also Part 1 and Part 2. The Solution The innovation of MERS into the mortgage and recording process has led to wholesale changes in mortgage… Read more
MERS And Recording – Past, Present, And Future (Pt. 2-Securitization)
This is part 2 of a three part series. See Part 1 and Part 3. The Securitization of Loans Loan Securitization is one of the key elements in mortgage lending today. The securitization of… Read more
MERS And Recording – Past, Present, And Future (Pt. 1-Recording)
This is Part 1 of a three part series. See Part 2 and Part 3. Is the Current Recording Process Sufficient for Today’s Complex Financial Instruments? Can MERS Resolve the Issues? An… Read more
