Posted by JAM/CA on 8/19/10 4:33pm
Msg #349652

Let's try again/Interesting Article

http://www.commondreams.org/headline/2010/08/18-8

Reply by SheilaSJCA on 8/19/10 4:41pm
Msg #349657

I wondered why I no longer see the Mers disclosure in pkgs n/m

Reply by MW/VA on 8/19/10 9:02pm
Msg #349694

Wow. Very interesting. Reads like the mortgage industry's equivalent of money laundering.

Reply by CopperheadVA on 8/20/10 6:04am
Msg #349727

Very interesting article. Now watch everyone get in line to default on their loans where MERS is involved.

Reply by CopperheadVA on 8/20/10 8:48am
Msg #349732

I found this part particularly interseting...

<< ...what MERS did allow was the securitization and shuffling around of mortgages behind a veil of anonymity. The result was not only to cheat local governments out of their recording fees but to defeat the purpose of the recording laws, which was to guarantee purchasers clean title. >>

Reply by CopperheadVA on 8/20/10 8:48am
Msg #349733

I meant interesting!!! n/m

Reply by JanetK_CA on 8/20/10 3:31pm
Msg #349780

I agree. Thanks for posting. n/m

Reply by trnsa_IL on 8/20/10 8:46pm
Msg #349820

Very interesting read, thanks! I still see MERS on Mortgages n/m