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Fannie-Related Mortgage Foreclosures No Longer To Be Carried Out In The Name Of MERS

By r morris

DSNews.com reports:In new policy guidelines released this week, Fannie Mae told servicers that they can no longer name MERS [Mortgage Electronic Registration Systems] as the plaintiff in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by the GSE.***Fannie Mae stated in its new servicing guidelines that when MERS is listed as the mortgagee of

Full post as published by The Home Equity Theft Reporter on April 02, 2010 (boomark / email).