New MERS Mortgage Settlement Impacts Borrowers Nationwide

This Settlement will Impact Banks and Borrowers Nationwide blog.hsh.com | July 19, 2012 By Peter Miller Perhaps the most convoluted and unresolved issue created by the mortgage meltdown concerns not mortgage rates or amortization, but the central question of who owns your mortgage and where it can be found. The state of Delaware recently settled a lawsuit with Merscorp Holdings Inc., who operates the Mortgage Electronic Registration System (MERS). The agreement sparked a deal that…