Delaware AG Biden Settles with Mortgage Electronic Registration Systems (MERS)

Posted by 4closureFraud on July 13, 2012 · 13 Comments 

Biden Secures Reforms from National Mortgage Registry Settlement terms increase transparency and accuracy of mortgage records Wilmington, DE – Delaware Attorney General Beau Biden announced today that the national shadow mortgage registry known as MERS, which was at the center of the housing crisis, has agreed to implement important reforms – including regular reports on … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

‘Shadow REO’: As Many as 90% of Foreclosed Properties Held Off the Market, Estimates Suggest

Posted by 4closureFraud on July 13, 2012 · 7 Comments 

‘Shadow REO’: As Many as 90% of Foreclosed Properties Held Off the Market, Estimates Suggest A pretty, manicured home sits six doors down from Phil Faranda’s in Briarcliff Manor, N.Y. To look at it, most passersby would think that the tidy house is occupied by a nice family that gives it a good amount of … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud