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Loan Modification

: Loan Modification & Home Loan News

The role of MERS in foreclosure furor

By Moe Bedard

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Mortgage Electronic Registration Systems has filed thousands of foreclosure actions around the country on behalf of lenders. Its right to do that is under challenge. Several courts around the country recently have ruled that MERS lacks the right to file such cases. Federal regulators say they are investigating its role. On Tuesday JPMorgan disclosed that [...]

Full post as published by Loan Modification & Home Loan News on October 14, 2010 (boomark / email).

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