MERS Threatens RMBS, Could Harm Banks | Practical Law
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An update on an electronic mortgage transfer system used in securitizations that may have invalidated large numbers of mortgages, threatening residential mortgage-backed securities and resulting in potential liability for US banks.
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MERS Threatens RMBS, Could Harm Banks
Practical Law Legal Update 4-503-7567
(Approx. 3 pages)
MERS Threatens RMBS, Could Harm Banks
by PLC Finance
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Published on 28 Oct 2010
•
USA (National/Federal)
An update on an electronic mortgage transfer system used in securitizations that may have invalidated large numbers of mortgages, threatening residential mortgage-backed securities and resulting in potential liability for US banks.