Can I read MERS Admits in Dec 2012 Letter To FHFA, That They Do Not "Hold" Any Mortgage on EtoBox?

MERS Admits in Dec 2012 Letter To FHFA, That They Do Not "Hold" Any Mortgage by Tim Bryant is a document available to read on EtoBox.

What is MERS Admits in Dec 2012 Letter To FHFA, That They Do Not "Hold" Any Mortgage about?

MERS letter to FHFA concerning the future of securitization. MERS admits, on page 4, that they do not "hold" a mortgage. It states, "MERS is not involved in the custodial handling of mortgage-related documents". To break it down, MERS does not; 1) create the mortgage, 2) execute the mortgage, 3) countersign the mortgage, 4) have any express "nominee" authority, FROM THE LENDER, in the mortgage, 5) have the Lender countersign the mortgage, to pass the Statute of Frauds, 6) have any Power of Attorney

Author

Tim Bryant

Language

EN