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.