Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FYI I did link to all the previous posts/stories about MERS at the bottom of the post so people could see the progression of the whole problem.
1 posted on 02/15/2011 12:51:16 PM PST by survivingcalifornia
[ Post Reply | Private Reply | View Replies ]


To: survivingcalifornia
The company tracks servicing rights and ownership interests in mortgage loans on its electronic registry, allowing banks to buy and sell the loans without having to record the transfer with the county (or to pay the appropriate transfer taxes). It played a major role in Wall Street’s ability to quickly bundle mortgages together in securitized trusts.
2 posted on 02/15/2011 1:05:32 PM PST by Sgt_Schultze (A half-truth is a complete lie)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: survivingcalifornia

Meaning this might actually help the banks as no one can claim the bank transferred it rights to others and the paperwork is lost.


3 posted on 02/15/2011 3:37:52 PM PST by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: survivingcalifornia

Goodnight Banks: Arizona

http://market-ticker.org/akcs-www?post=180038


4 posted on 02/15/2011 5:31:53 PM PST by FromLori (FromLori">)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kartographer; Chunga85

ping


5 posted on 02/15/2011 5:33:10 PM PST by FromLori (FromLori">)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson