In a $13.1 billion sale, Intercontinental Exchange has acquired Black Knight in a cash and stock transaction, as the industry weighs in on the magnitude of the agreement.
Read More »Intercontinental Exchange Acquires Majority Interest in MERSCORP
ICE, an operator of global exchanges and clearing houses, has purchased a majority equity interest in MERSCORP, owner of MERS Systems, an electronic registry that tracks mortgage servicing rights changes. How will this transaction benefit the industry?
Read More »Texas Courts Validate MERS Assignments
Mortgage Electronic Registration Systems was victorious in two recent cases in Texas.
Read More »Court Finds in Favor of MERS
Mortgage Electronic Registration Systems claimed its second legal victory of 2016, this time in Texas.
Read More »MERS Emerges Triumphant
The legal authority of Mortgage Electronic Registration Systems has repeatedly been challenged, and MERS has repeatedly come out on top.
Read More »MERS Wins Another Victory in Court
The Montana decision was the latest in a series of court victories won by MERS. In late September, MERS won similar decisions in Georgia, New York, and Texas. In Kentucky earlier in September, the U.S. Sixth Circuit Court of Appeals denied an en banc rehearing of a case that held that recording statutes in the state do not required a recording in the land records when promissory notes are transferred.
Read More »MERS Wins Federal Court Battles Over Deed of Trust in Georgia, New York, and Texas
Three federal courts have ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS), dismissing borrowers' suits to quiet title and affirming MERS' authority to assign the mortgage lien, according to an announcement from MERSCORP Holdings.
Read More »Sixth Circuit Court Denies Petition for Rehearing in Promissory Note Transfer Case
The Sixth Circuit Court on Friday denied two petitions to rehear the case, saying that "the original panel has reviewed the petitions for rehearing and concludes that the issues raised in the petitions were fully considered upon the original submission and decision of the cases."
Read More »MERS Granted Motion for Summary Judgment in Texas Court; Lien Reinstated
The court also reinstated the MERS lien on the property, finding the lien to be "in full force and effect." MERS was seeking to reinstate a lien which it claims was improperly extinguished by defendant Kingman Holdings in the case of Mortgage Electronic Registration Systems, Inc. v. Kingman Holdings, Inc.
Read More »Tennessee District Court Affirms Legality of MERS’ Role in a Securitized Mortgage
MERSCORP Holdings won another victory in court this week when the U.S. District Court for the Middle District of Tennessee Nashville Division dismissed a lawsuit that challenged MERS' role in a deed of trust in Tennessee, according to an announcement from MERS.
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