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Home » Store » News » Some Servicers Feel Less Confident about MERS as Courts Increasingly Question Its Ability to Foreclose

Some Servicers Feel Less Confident about MERS as Courts Increasingly Question Its Ability to Foreclose

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Recent court cases that call into question the ownership of a mortgage loan are forcing servicers to alter their practices and making them less likely to foreclose or appear in court in the name of the Mortgage Electronic Registration System, according to Moody’s Investors Service. Non-agency MBS servicers are adjusting their foreclosure and bankruptcy servicing practices due to the outcomes of...
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