Mortgage Bankers Association No Longer Trusts MERS with its Data Standards Initiative

According to Housingwire…

MBA takes MISMO back from MERS

“A lot of noise has been made about the new MERS CEO and the recent court wins for the company, but I find it rather interesting that the MBA no longer trusts the company with its data standards initiative,” the source said.

Where has the love gone?

~

4closureFraud.org

Comments
16 Responses to “Mortgage Bankers Association No Longer Trusts MERS with its Data Standards Initiative”
  1. talktotennessee says:

    Did anyone see Mel Gibson in The Beaver?
    Well, the banks are like that. If your eye or arm offends you, then whack it off!
    So the banks who ‘OWN’ MERS can whack away if they choose but its going to cost them an ‘arm and a leg’. This thing is a mess, goes nationwide, for many years, in many notes as nominees. Hard to nullify MERS in my way of thinking. Look for MERS to be ‘legalfide, bonafide, baptized and pronounced clean.’ If not, there will be suits to undo what has already been done. But let them pare away because the courts are mixed, depending where you are. Where things are out of whack is in bankruptcy courts where the court must allow MERS legal standing, when they actually have none. So if you carry that back through the court system, can you have it both ways? Same problem in judicial states, where courts must grant MERS legal standing although they neither sell, service, lend, own or foreclose. In Non-judicial states, MERS is just used to facilitate foreclosure by a servicer who is unlikely to have even originated he loan and certainly does not own the note or mortgage. Reminds me of the people going around quit claiming property in their names. The registrars say legally they can’t do much there because “its complicated,” so they just get by with it?
    Would be funny, if not so tragic!

  2. Louise says:

    Looks like the rats are leaving the sinking ship. The banks will throw MERS into the pit like Jabba-the-Hut did in Star Wars.

  3. talktotennessee says:

    MERS is a wholly-owned subsidiary of MERSCORP, Inc., which is a privatelyowned
    corporation. No publically-owned corporation holds 10% or more of the stock in
    MERSCORP, Inc.
    The above statement by Bank of America was disclosed in a lawsuit in U.S. Court Tennessee Western District against B of A and MERSCORP.Youngsoo S Lee v Bank of America BAC and MERSCORP in Case 2:11-cv-02740-JPM-dkv . Legal counsel represents both B of A and MERSCORP in this pro se suit brought by plaintiff Youngsoo.
    MERS does not own notes, receive payments nor initiate foreclosure, it is hard to believe they have legal standing in the courts even if expedient for the courts to recognize them. It seems to defy laws throughout the US. What if any of us wanted to set up a database registry and assume we could foreclose on houses as trustee nominees having never initiated, serviced, owned nor sold the collateral on which it was based. Isn’t this blatantly ludicrous?

    • lvent says:

      The U.N./ New World Order owns MERS, BOFA,RECONTRUST, the FEDERAL RESERVE…THE GSE’S, ALL OF THE FDIC INSURED BANKS..MORTGAGE LENDERS, THE REAL ESTATES,THE TITLE CO.S THE SERVICERS, THE MSM ..THEY HAVE INFILTRATED EVERYTHING AND HIJACKED OUR GOVERNMENT, our LEGAL SYSTEM AND THE U.S. TREASURY, THE DOJ, CONGRESS AND THE WHITE HO– USE and just about all of the POLITICIANS….who are all either members of the BIG CLUB or have been BOUGHT……BY THEM…..EXPOSE THEM, ROUT THEM OUT AND THROW THE TRAITORS AND TREASONISTS OUT OF AMERICA……ALL POLITICIANS RUNNING FOR PUBLIC OFFICE SHOULD BE FORCED TO SIGN A LEGAL CONTRACT, DRAFTED BY WE THE PEOPLE, THAT STATES IF THEY ARE ELECTED TO ANY PUBLIC OFFICE AND THEY COMMIT ONE ACT THAT MAY BE DEEMED TREASONIST BY WE THE PEOPLE, THAT POLITICIAN MUST RESIGN…AND THAT INCLUDES ANY OF THEIR POLITICAL APPOINTMENTS! NO WALL STREET CEO’S SHOULD BE ALLOWED TO BE APPOINTED TO ANY WHITE HO– USE POST….AS A CZAR OF ANYTHING….AN APPOINTMENT BY THE PRESIDENT OF THE UNITED STATES OF AMERICA OF A CZAR OF ANY KIND…..IS A SLAP IN THE FACE TO THE U.S. CONSTITUTION AND THE AMERICAN PEOPLE….THESE TRAITORS POSING AS AMERICANS, WILL DO ANYTHING TO SLAP FREEDOM, DEMOCRACY, THE U.S. CONSTITUTION AND THE AMERICAN PEOPLE IN THE FACE….!!!!

  4. talktotennessee says:

    Where or what has MERS won in the courts? Which states, etc. I am watching MERS and am interested if anyone has specifics?

  5. Maggie May says:

    They can put Marilyn monroe with name means nuttin to me no feeling no jealousy! that too has passed!

  6. Bachlan Bui says:

    No one should ever trust the Mortgage Bankers Association either, much less their incestuous relationship with the FB I. There is a war going on people!

  7. see says:

    The MBA knew all along that MERS was a big scam. We weren’t suppose to figure that all out. They thought that the deadbeat homeowners were too dumb to figure that out. Now they are trying to save face.

  8. Mario Kenny says:

    They know by advance knowledge that mers is going down in flames

  9. housemanrob says:

    Sounds like the BANKSTERS maybe trying to neutralize MERS. They have known all along what has been going on and now…..they don’t trust them? Hhhhmmmm.

  10. George Forfa says:

    With the financial news of the day, I just had to write a sequel to

    “War Of The Money Worlds”

    The boys are a little testy, this week.

    http://georgesblogforum.wordpress.com/2011/09/22/war-of-the-money-worlds-update-09222011/

  11. Maggie May says:

    Ill say theyre nulled! lol

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