Relevant:
- MERS And Recording -- Past, Present, And Future (Pt. 2-Securitization)
- Washington's highest court rules MERS cannot foreclose on homeowners
- Federal court ruling against MERS foreclosure in Oregon comes (again) as Republican lawmakers try to validate it
- Michigan Court Of Appeals Rules MERS Has No Authority To Foreclose
- Federal Court in Texas Deals a Potentially Serious Blow to MERS
2012-08-17 — nakedcapitalism.com
While MERS has served to illustrate the utter recklessness of the securitization industry, in that its promoters apparently believed that they could implement it nationwide and simply force state law to comply. But as the banks have found out, the law is not always so obliging
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