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...Merscorp operates Mortgage Electronic Registration Systems, better known as Mers, which tracks ownership interests in 31m active home loans....
...Mr Biden’s office sent Merscorp a subpoena in the spring demanding answers to 75 questions....
...MERSCORP — which acts as a centralised and electronic registry for about half of the mortgages in the States — issued the below mid-week statement to its members: MERS is providing the following guidance...
...MERSCORP created Quick background. MERS itself began in circa 1997, ironically largely in response to the issue of lost mortgage ‘assignments.’...
...The MERS genesis MERSCORP began in 1997, at the behest of mortgage industry participants like Fannie Mae, Freddie Mac and the Mortgage Banking Association (MBA)....
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