Tag archives for MERS

MERS Mess Update: Delaware AG Files Suit Against MERS

Beau Biden, state attorney general (AG) of Delaware, has filed suit against the Mortgage Electronic Registration System (MERS) for deceptive trade practices. Saying that “real property rights have been a cornerstone of our society,” Biden alleges that MERS’ has created “confusion among homeowners, investors and other stakeholders in the mortgage finance system, seriously damaging the integrity of the land records Read full article »

Massachusetts Foreclosures Up

Massachusetts is a state known for homeowner advocacy, but that is not necessarily slowing the foreclosure process down in this area of the country. In fact, in June Massachusetts posted its highest number of foreclosures yet – and all while Massachusetts attorney general Martha Coakley continues her battle to resolve robo-signer issues and mortgage electronic registration system (MERS) ambiguities in Read full article »

Department of Justice Pressuring State AGs to Sign Bank Settlement

The Department of Justice believes that it has worked out a good settlement with the nation’s biggest lenders to resolve allegations of foreclosure fraud and the robo-signer fiasco, and both parties are preparing to sign the agreement. Not, however, with the blessing of all 50 state attorneys general, which could create a major roadblock for the deal. Part of the Read full article »

Massachusetts AG Ramping Up Attack on MERS

Martha Coakley, Massachusetts attorney general, is taking on the Mortgage Electronic Registration System (MERS) in order to determine whether or not the lender-created company is guilty of foreclosure fraud. “We are currently investigating creditor misconduct in connection with unlawful foreclosures… false or misleading documents with registries in the Commonwealth,” Coakley announced via a letter to the Massachusetts Register of Deeds Read full article »

Utah State Appeals Court Sides with MERS

The Utah Court of Appeals has determined that the Mortgage Electronics Registration System (MERS) has the right to foreclose on homes in the state, thereby dashing the hopes of thousands of distressed homeowners hoping for relief or even revenge on their lenders via contesting their foreclosures on the basis that MERS does not have the right to foreclose on their Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.