Exclusive: Facing criticism, MERS cuts role in foreclosures

Started by Reuters, Jul 28, 2011, 09:02 AM

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Reuters

Jul 28, 2011, 09:02 AM
NEW YORK (Reuters) - MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.

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