Judge's ruling deals blow to national mortgage servicer

O'Reiley, Tim
May 2009
Las Vegas Business Press (10712186);5/18/2009, Vol. 26 Issue 20, pP19
The article reports on the ruling of U.S. Bankruptcy Court Judge Linda Riegle that the Mortgage Electronic Registration System (MERS) could not represent lenders seeking to foreclose on delinquent homeowners already in bankruptcy unless it could produce the actual loan note. In April 2009, MERS appealed Riegle's decision. It states that the ruling came despite of complaints that mortgage service providers have exacerbated the deluge of foreclosures in the past couple of years.


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