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Loan Modification

: Mortgage Lender Implode-o-Meter

Aggressive lobbying defends mortgage-trading system

By Implode-Explode Heavy Industries

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"If successful on Capitol Hill, the industry could in one quick swoop make all lawsuits related to MERS across the country moot and remove one of the key uncertainties dangling over the mortgage industry. On the flip side, lawmakers could create a new federal registry, effectively killing MERS's business and forcing the industry to submit to greater oversight."

Full post as published by Mortgage Lender Implode-o-Meter on November 19, 2010 (boomark / email).

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