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« MERS DEATH ZONE - Double Class Action Lawsuits Filed Against Mortgage Registration Puppet | Main | Franklin Raines On Foreclosure Fraud AND Mortgage Pool Put-Backs (CNBC Interview) »
Friday
Jan072011

Foreclosure Fraud & MERS In The Spotlight: Interview With CEO R.K. Arnold (Video, Links, Jamie Dimon Says 'No')

Editor's Note: From October when the MERS controversy began...

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Fox Video:  CEO R.K. Arnold discusses how the company and its database are involved in the nation's foreclosure mess

Several developments regarding MERS in the last few days:

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You can also verify your loan servicer with MERS online -- takes about 45 seconds:

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And you can find out if Fannie or Freddie own your note:

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From yesterday:

 

 

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Reader Comments (8)

What a pile of misinformation.

"MERS was created to simply operate a database."

Really, R.K.? You sure it doesn't bring foreclosure suits too? Right:

"We have won cases across the country that have held that we have standing and can foreclose."

Yes, you have. Many of those judgments are now void since MERS most definitely did NOT have standing. Those judgments are thus open to collateral attack in future proceedings. You may not know it because you're a dipshit, R.K., but Jamie Dimon knows it.
Oct 13, 2010 at 2:53 PM | Unregistered CommenterCheyenne
yep...i imagine mers will be dumped by most of them pretty soon...here's more links...

Officials in 50 states launch foreclosure probe

http://news.yahoo.com/s/ap/us_foreclosures_states
Oct 13, 2010 at 3:20 PM | Registered CommenterDailyBail
Is MERS Commercial About To Break The CMBS Market?

http://www.zerohedge.com/article/mers-commercial-about-break-cmbs-market
Oct 13, 2010 at 3:21 PM | Registered CommenterDailyBail
http://www.realestateeconomywatch.com/2010/10/3161/

Did Too Many FHA Buyers “Borrow Forward?”
Oct 13, 2010 at 3:23 PM | Registered CommenterDailyBail
Oct 13, 2010 at 3:24 PM | Registered CommenterDailyBail
“'All of a sudden all of these issues pop up with the lenders,' [Judge] McGrady said in an interview at his Clearwater office. 'It’s going to slow down the whole process because there will be more backlog. We’re still getting 1,000 cases a month.'

"At the Clearwater court, lenders as of yesterday had canceled more than half of the 84 hearings to approve foreclosures that were scheduled for today, according to Ron Stuart, a court spokesman. Half of the 110 hearings originally set to take place tomorrow were canceled as well."

http://www.bloomberg.com/news/2010-10-13/florida-s-foreclosure-rocket-docket-may-slow-to-a-crawl-with-fraud-claims.html

Bracing for impact in 3... 2..
Oct 13, 2010 at 4:34 PM | Unregistered CommenterCheyenne
Home to more foreclosures than 47 U.S. states, Florida sought to clear out its backlog with a system of special court hearings that dispensed with cases quickly, sometimes in less than a minute.

Homeowners like Nicole West now threaten to slow that system, Florida’s so-called rocket docket, to a crawl. West, who has been fighting to save her Jensen Beach house from foreclosure, has leveled a new allegation in her three-year battle: the entire process is based on fraud.

http://www.bloomberg.com/news/2010-10-13/florida-s-foreclosure-rocket-docket-may-slow-to-a-crawl-with-fraud-claims.html

Nice link cheyenne...things are certainly slowing down in Florida...
Oct 13, 2010 at 8:18 PM | Registered CommenterDailyBail
MERS is simply a fraud. This guy literally talks out of the side of his mouth.
May 30, 2011 at 6:17 PM | Unregistered CommenterPatrick Rodig

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