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How MERS blurred the ownership of homes

Mortgage giants created the Mortgage Electronic Registration Systems (MERS) to speed up the loan securitization process, but as millions of homes fell into foreclosure, the lack of a paper trail left the ownership of mortgages in question.


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Reston-based company MERS in the middle of foreclosure chaos
Article | As courts across the country face a wave of foreclosures, a name little known to the public has cropped up on thousands of court filings as a stand-in for prominent banks, lenders and mortgage servicers.
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In middle of foreclosure chaos, local firm keeps popping up
Article | As courts across the country face a wave of foreclosures, a name little known to the public has cropped up on thousands of court filings as a stand-in for prominent banks, lenders and mortgage servicers.
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Obama vetoes foreclosure bill as anger grows
Article | President Obama stepped into a growing political furor over the nation's troubled foreclosure system Thursday by vetoing a little-known bill that critics say would have made it easier to evict homeowners who missed their payments.

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