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Monday, January 3, 2011

MERS, virtual mortgage registry

Matt Taibbi explains MERS, the virtual mortgage registry that every banker loves

Snippet of Article: "... At the heart of this confusion (or scam, depending on whether you're a victim or a beneficiary), lies MERS, the virtual mortgage registry that's replaced the handling of mortgage ownership in this brave new slice-and-dice derivative world. ..."

Reference: www.americablog.com

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