Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. Fannie Mae has awarded U.S. Bank Home Mortgage with 2017 Servicer Total Achievement and Rewards (STAR) recognition in two categories: General ...
Read More »MERSCORP Holdings Launches MERS eNote Solutions, Powered by eOriginal
MERSCORP Holdings, Inc. and eOriginal, Inc. has launched a new solution offering that will enable originators to accelerate entry into the digital mortgage ecosystem. MERS eNote Solutions, part of the MERS eSuite, will enable the creation, execution, registration, and management ...
Read More »MERSCORP To Offer LEI Registrations Later This Year
MERSCORP Holdings, Inc., announced this week it will support the Consumer Financial Protection Bureau’s updated Home Mortgage Disclosure Act requirements by facilitating legal entity identifier (LEI) registrations and renewals for users of MERS System and other industry participants.
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.
Read More »Third Circuit Court Rules in MERS’ Favor in Pennsylvania County Recording Case
The U.S. Court of Appeals for the Third Circuit on Monday ruled in the favor of MERSCORP Holdings that the company was not duty-bound by the Pennsylvania recording statute to record all land conveyances, according to an announcement from MERS.
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