Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
W S

Alabama Supreme Court rules in favor of MERS

/ Print / Reprints /
| Share More
/ Text Size+
The Alabama Supreme Court ruled Mortgage Electronic Registration Systems has standing to foreclose when it is nominee for the owner of an underlying debt and holder of the original mortgage note. The state's highest court affirmed a lower court's opinion that found MERS is holder of the legal title to a mortgage, and as nominee can initiate a foreclosure under Alabama law. The plantiff in MERS v. Henderson initially claimed the company lacked standing to foreclose because it didn't "present legal right to enforce the mortgage." Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus