• State-by-State Compendium of Recent MERS-Related Litigation
  • March 29, 2011 | Authors: John R. Chiles; Zachary D. Miller
  • Law Firm: Burr & Forman LLP - Birmingham Office
  • Since the earliest stages of the economic meltdown that has rocked the financial system both in the United States and abroad, an inordinate amount of time has been spent searching for someone, or something, to blame. Charges of impropriety have been levied against Wall Street on a consistent basis, and consumer advocates have focused great amounts of energy on the area of mortgage-backed securities. An instrumental cog allowing for the buying and selling of mortgage-backed promissory notes on the open market is Mortgage Electronic Registration Systems, Inc. ("MERS"), a nationwide database that allows lenders to more easily transfer the rights to a mortgage.