Reader Jeff P. noted the MERS case that was outlined in detail at drhousingbubble yesterday:


The link has comments at the bottom that help define the case.  How it’ll affect the mortgage industry at-large has yet to be determined.

But a legal finding is another event that could set off a panic among lenders and/or servicers too.  I don’t think MERS is it by itself, but pile it on top of any more moratoriums or political directives, and you could see a renegade in the industry get fed up and push the sell button.

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