Without reading the case filings I cannot be sure but I think you miss the point. From the article the Judge is saying MERS cannot be the ârecordâ holder AND service the debt. Seems like he is saying that the whole concept of MERS is flawed (which we all knew). If that is what he said the house of cards is really going to collapse. It is how ever Reuters.
I think Karl Denninger explains fairly well here: