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Loan Modification

: Mortgage Lender Implode-o-Meter

Get Ready for the Great MERS Whitewash Bill

By Implode-Explode Heavy Industries

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``Now it appears that Congress may attempt to prevent any MERS meltdown from occurring. MERS is owned by all the biggest banks, and they certainly do not want it to be sunk by huge fines. Investors in mortgage-backed securities also do not want to see the value of their bonds sink because of doubts about the ownership of the underlying mortgages. ''

Full post as published by Mortgage Lender Implode-o-Meter on November 14, 2010 (boomark / email).

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