Category Archives: mortgage securitizations

MERS, foreclosures, the mortgage note, the New York State Appellate Court decision and another nail in the coffin!

Important update: The court case referenced in the article is Bank of New York, etc., respondent, v Stephen Silverberg, et al., appellants, et al., defendants. (Index No. 17464-08), 2010-00131, SUPREME COURT OF NEW YORK, APPELLATE DIVISION, SECOND DEPARTMENT, 2011 NY Slip Op 5002; 2011 N.Y. App. Div. LEXIS 4899, June 7, 2011, Decided. MERS : […]

MERS and the avoidance of mortgage recording fees is the next shoe to drop

MERS (Mortgage Electronic Registration System) and the avoidance of mortgage recording fees Currently MERS is dealing with a storm in the foreclosure arena over whether or not a lender was legally able to foreclose on a mortgage in MERS name. This has led the firm to issue an announcement instructing all of its members to […]