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Loan Modification

: Mortgage Lender Implode-o-Meter

One More Nail Driven Into The Coffin of MERS

By Implode-Explode Heavy Industries

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``Fannie Mae stated in its new servicing guidelines that when MERS is listed as the mortgagee of record, the servicer must prepare a mortgage assignment transferring the position from MERS back to the servicer, and then bring the foreclosure in its own name.''

Full post as published by Mortgage Lender Implode-o-Meter on April 02, 2010 (boomark / email).

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