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...UNDERMINING PUBLIC RECORDS “MERS”: Third, the complaint alleges that these banks have undermined our public land record system through the use of MERS, a private electronic registry system....
...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....
...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....
...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...
...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...
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