A good business professor would do some research before professing:
Two Faces: Demystifying the Mortgage Electronic Registration System's Land Title Theory
The MERS problem is about much more than some deadbeat homeowners.
“The MERS problem is about much more than some deadbeat homeowners.”
Your point is well taken but the public debate has focused on harm to homeowners. Although there are cases in which home owners have been wrongly evicted, the vast majority of cases involve homeowners who did not satisfy the mortgage terms. This dispute seems more of a battle between note holders and mortgage servicers with deadbeat homeowners attempting to claim the property of note holders. I also see harm done to purchasers of foreclosed properties but the impact to this group has not yet received much coverage.