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MERS? It May Have Swallowed Your Loan


Business  (tags: foreclosures, mortgages, corporate, corruption, dishonesty, economy, consumers, investments, lies, Wall Street )

Norm
- 2995 days ago - readersupportednews.org
Mortgage brokers handed out no-doc mortgages to people with fictional incomes. Wall Street shopped bundles of those loans to investors. And federal regulators gave sleepy nods A piece of that world survives in an obscure MERS Corporation, which claims to



   

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Comments

Rosie Lopez (73)
Monday March 7, 2011, 11:31 am
thanks for sharing
 

Past Member (0)
Monday March 7, 2011, 1:34 pm
Looks like the quick buck folks didn't really think this one out......last I heard was there is no legal way to kick someone out of their home, without the "trail" of paperwork from womb to tomb.....so owners are staying in their homes and not answering the door......don't blame them either.
Also....this is a great Congressional Hearing you will want to keep and pass around.....big time.
See it to the very end. http://www.youtube.com/watch?v=EjTZOekaQlE&feature=player_embedded
 

Past Member (0)
Tuesday March 8, 2011, 1:13 am
BILL MOYERS JOURNAL | William K. Black | PBS
 

Bon L (0)
Tuesday March 8, 2011, 5:11 am
Thanks for the info.
 

Ron Gordon (14)
Wednesday March 9, 2011, 7:22 am
Hopefully this is going to blow up in the thieves faces...
 
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