TITLE

Regulatory Order Actually a MERS Win

AUTHOR(S)
Berry, Kate
PUB. DATE
June 2011
SOURCE
Mortgage Servicing News;Jun2011, Vol. 15 Issue 6, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the decision of the federal regulators to approve the business model of Merscorp Inc. and its right to foreclose on borrowers in the U.S. David Dunn of Hogan Lovells law firm believes that the consent order to approve Mortgage Electronic Registration Systems (MERS) validated Merscorp's procedures and processes despite the hundreds of litigations against it. It is inferred that the order would also mean substantial costs to bank servicers in getting MERS in compliance.
ACCESSION #
60906676

 

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