The banking industry’s epidemic of mortgage-related fraud might not have been possible without the existence of the legal entity known as “MERS.”
You remember MERS, right? The system by which your mortgages were sliced and diced, your local county deprived of revenue and Wall Street was turned into a casino?
Watch: Lee explains the Mortgage Electronic Registration System (MERS) and how the banks use it to destroy local land records, avoid taxes, and foreclose on our homes.
After months of painstaking talks, the nation’s biggest banks have agreed to a $25 billion settlement that could provide relief to more than two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said.
Fannie Mae was repeatedly warned about mortgage and foreclosure fraud - years before their financial collapse - but did absolutely nothing to stop it. Via: Like most people, Nye Lavalle had little interest in the mortgage industry until
The Obama White House continues to push for a settlement that would let bankers avoid being punished - or even investigated - for a wave of mortgage-related crimes that includes perjury, tax evasion, and several types of fraud. Despite the
Massachusetts AG Martha Coakley announced this week that she's suing the big banks for mortgage fraud. Be still, my heart! So you can see a noose tightening around the necks of the banks, who would like nothing better than to strike a deal
TalkLeft: The Nordquist Strategy: Part 2 Starts in February Wonk Room: Why the individual mandate is not like forcing everybody to eat brocolli Corrente: MERS and accounting control fraud The Talking Dog: The comedy stylings of Tom
This certainly cheered me up. Because no matter how much the politicians may try to cover up all the legal problems with MERS, this guy's right -- and he's going to get that money: The gigantic mortgage database owned by the nations largest banks
Rumors are popping up all over the place, and of course I'll be keeping an eye out for any actual developments regarding any legislation that offers MERS retroactive legal coverage When Congress comes back into session next week, it may