Items Tagged with 'Merscorp Inc.'

ARTICLES

  • NYSE parent company ICE acquires MERS

    ICE buys remaining stake in mortgage registry
    Intercontinental Exchange, the parent company of the New York Stock Exchange, is now also the parent company of MERSCORP Holdings, as the companies announced Friday that ICE has acquired all of MERS.
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  • MERS secures another legal victory

    Rhode Island Supreme Court upholds MERS’ mortgage assignment authority
    The company announced Thursday that the Supreme Court of Rhode Island dismissed a series of appeals, in which borrowers had challenged MERS’ authority to hold or assign mortgage interests and promissory notes under Rhode Island state law.
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  • MERS wins again; this time in Pennsylvania

    Superior Court upholds ruling on MERS’ authority to assign mortgage
    A Superior Court ruling in Pennsylvania saw another legal victory for MERSCORP in a wrongful foreclosure lawsuit. The mortgagor, Matthew Gibson, had sued Bank of America, claiming that the bank did not hold the note securing his mortgage and therefore had no rights to foreclose. Gibson also claimed that MERS did not have the authority to assign the mortgage.
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  • Under New Legislation, MERS Turns Transparent

    In support of new federal legislation, MERSCORP, Inc. has unveiled a new program to inform borrowers of changes to the owner of their loan, in effort to bring greater transparency and accountability to the lending process. The Helping Families Save Their Home Act of 2009, which became law on May 20, 2009, requires that, when a loan secured by the primary home of a borrower is sold, transferred or assigned, the new owner of the loan notify the borrower in writing of the transfer of ownership. And they must do so within 30 days.
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