While MERS Fights Legal Challenges, Advises Members Not to Use Its Name, Investors Lose, Say Experts
February 17, 2011
Whatever the ultimate outcome of the various legal challenges against the Mortgage Electronic Registration Systems electronic registry of mortgage rights, experts say the real loser will be MBS investors as the continued delays in the foreclosure process will cost them money. A U.S. Bankruptcy Judge in New York last week held that...