Adverse Actions Focus Spotlight On MERS as ‘Mortgagee of Record’
April 19, 2010
An investigation into a Georgia company’s procedures for preparing mortgage assignment documents and a Nevada court’s refusal to dismiss a foreclosure claim challenging the validity of the mortgage transfer again calls attention to the validity of the Mortgage Electronic Registration System, or MERS. In both cases, the mortgagee of record figured prominently as in many other previous...