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...Lenders such as Quicken Loans have begun to originate digital mortgages. A handful of warehouse lenders such as Bank of America have begun to fund them....
...The balance sheet of the euro system, meantime, is up nearly two and a half times to $3.9tn....
...Merscorp operates Mortgage Electronic Registration Systems, better known as Mers, which tracks ownership interests in 31m active home loans....
...Since 1997, more than 63 million home loans have been registered on the MERS System, accounting for more than 60 percent of all newly-originated mortgage loans....
...The Virginia-based company operates Mortgage Electronic Registration Systems, better known as Mers, which tracks ownership interests in some 31m active home loans....
...Like Delaware’s Beau Biden, Ms Coakley also sued Merscorp, owner of a national private electronic mortgage registry used by much of America’s housing finance system, accusing it of deceiving homeowners and...
...Financial ‘innovation’ coming back to haunt the system is something we are familiar with. But do welcome a new toxic acronym to the stable — MERS — that’s Mortgage Electronic Registration Systems Inc....
...Barclays Capital analysts have done it. They’ve linked Mortgage Electronic Registration Systems Inc — currently making headlines in US residential mortgages — to the commercial mortgage market....
...Here’s an, erm, efficient way to solve problems around MERS — the Mortgage Electronic Registration Systems Inc. that’s been making headlines in recent months....
...Compounding the problem is an electronic registry – Mortgage Electronic Registration Systems – developed in 1997 by the big banks in conjunction with Fannie Mae and Freddie Mac that lawyers for these homeowners...
...Chris Kotowski of Oppenheimer asked about JP Morgan’s use of the troubled Mortgage Electronic Registration Systems Inc, and it turns out the bank “stopped a while back using them”: Q: And then on a separate...
...To avoid paying that fee, banks came up with their own system, a digital registry known as the Mortgage Electronic Registration System....
...Finally, the WaPo goes into more depth on the company that’s become a focal point of the scandal: Mortgage Electronic Registration Systems, or MERS, which “allowed big financial firms to trade mortgages...
...Hewlett-Packard, the information technology company, was expected to close its $13.9bn acquisition of Electronic Data Systems, a deal that marks a renewed challenge to IBM’s dominance of IT services....
...It had been more than three months since HSBC became the first big global bank to reveal multi-billion-dollar losses on subprime mortgage loans....
...The Financial Services Authority is poised to level some criticisms of both lenders and mortgage brokers as it publishes the results of its investigation into whether loans are being correctly sold to consumers...
...Meanwhile, Mrs Clinton is frequently broadcasting online “Hillcasts” as a way of maintaining her “conversation with America”....
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