What about Chain of Assignment? What about proving the link between the original lender and now MERS? Is it just a matter, say, in California, that MERS “says” they are the agent and so be it? Heck I could “say” I was the holder of hundreds of mortgages then. Why would the law be any different for me?

MERS = Biggest ponzy scheme in US history

It is imperative that the transparency and integrity is restored to the US securities trading systems.  This has been the characteristic that attracted investors across the world to our security exchanges.  Unfortunately, the major industry players are undermining the integrity of their own institutions.  My personal feelings are that most of the securities industry have great institutions but they need a supportive hand from the US Government regulators to maintain the fairness in the system.  It would be great if MERS could perform electronic asset transfers.

Insightful article.

Amid a snowballing foreclosure fraud crisis, President Obama yesterday blocked legislation that critics say could have made it more difficult for homeowners to challenge foreclosure proceedings against them.
The bill, titled The Interstate Recognition of Notarizations Act of 2009, passed the Senate with unanimous consent and with no scrutiny by the DC media. In a maneuver known as a “pocket veto,” President Obama indirectly vetoed the legislation by declining to sign the bill passed by Congress while legislators are on recess.
The swift passage and the President’s subsequent veto of this bill come on the heels of an announcement that Wall Street banks are voluntarily suspending foreclosure proceedings in 23 states.
By most reports, it would appear that the voluntary suspension of foreclosures is underway to review simple, careless procedural errors. Errors which the conscientious banks are hastening to correct.
But those errors go far deeper than mere sloppiness.  They are concealing amassive fraud.
They cannot be corrected with legitimate paperwork, and that was the reason the servicers had to hire “foreclosure mills” to fabricate the documents.
These errors involve perjury and forgery—fabricating documents that never existed and swearing to the accuracy of facts not known. 
CRIMINAL Behavior they should all be in Jail

I amrather pleased I am not American. With Clinton asking billions to improve international news coverage to match Aljazeera & RT whilst the same mob are spending billions on trying to get Wikileake to SHUT UP? Who is out to grag the true Americans home? Better find out!  Islam Example:  Mortgage: Muslim style; A domestic property is on sale. The bank assess value. Purchace price loaned to home buyer WITHOUT INTEREST OVER 20 YEARS.No parasitic converancers, A property valued at 100,000 today will escalate over the 20 years, if the owner decides to sell, he sells at market price, which will under nomal circumstances give him a pension contribution? Keep the rats out of your home!

Ms. Wang:

You and ProPubluca are still missing the point. The banking industry STOLE trillions from state governments by illegally avoiding registration fees and title transfer fees.

There is no question that this was done and Federal Court across this country have ruled that way.

Without this theft of the people’s money from state government function Wisconsin, New Jersey, Illinios and California would not have the financial issues they now have or the issues would not be so severe.

Massachusetts is the only state so far that has caught on (Democrat governor and AJ that not GOP), they have lost @00 million in state funds clipped by this criminal with this xlearly illegal scheme devised by Wall Street and their friends in Washington, DC.

You have to keep pounding this until the people get the picture that they have been taken for a ride.

Step back and look at the forest. MERS was a concerted effort to cleverly rip-off the middleclass from the back door.

ProPublica has to wake up and smell the coffee.

And here i present….more horror stories

news.firedoglake.com/2011/03/08/where-the-proposed-foreclosure-fraud-settlement-falls-short/

MERS, as bankers convenient way to avoid liability of write downs for regulators, and jurisprudence in courts.
A Ponzi scheme from the beginning, to inflated value of mortgages, and leave a entity in some grey area of having control of mortgages.
Still no one goes to Jail, as their lobbyist buy out Legislators at State and Federal levels.

I am one of the many elderly south florida residents that was duped into a Countrywide neg-am option arm refi in 2005. I paid on time for 4 yrs.
In2009 it became clear that we could not sell our home of 23 yrs in the rapidly declining mkt. I contacted CWB for a mod & was told I must be 3 pmts late to be considered. I stopped paying in 9/09. MERS is my owner of record. I have been able to determine on that website that BONY Mellon holds my mortgage. Bony refuses to name the investor citing confidentiality.BOA refuses to do so also citing proprietary rights.
The Fl AG Settlement with CWB specifically states remedial action to be taken by Servicing Bank for my situation. BOA acknowledges the
settlement but lacks guidance to proceed.  They must produce the original papertrail to proceed to Foreclosure in Monroe County.
I dont think they are capable of doing so. Hence we are destined to remain in limbo in paradise lost.

In the UK there is a union,a frade, workers union and there welcome all and sundry as men
mbers. I think, you should contact GMB in london and start you own Public Protection Union and they, gmb will advise on setting up. In this way, you don’t need petitions and signatures, you get the union to tear it all down and apply LAW. As tou have a population of some 255 million Humans. The may be able to run to a $100 each per year, when the union could have an inhouse legal team to shred the mobsters or incompeyents/ I did write about the Islamics, that if a house/property is worth, hypothetically $100,000, and approved, that amount is loaned for the property, without interest over 20 years. No parasites, conveyerences or strings. When the owner sells the property at market value some years later, it contributes to his pension.Pse look into the feasabillity of a non- coruptable UNION.

Is “democracy” not a Ponzy Scheme? A Ponzy is where money is paid in, (tax) and the money benefits, in theory, are to to go to the top of the pyramid and filter down, back to the payee.Unless the gov"t has a one sided pyramid with three sides doing a Gaddaffi? Perhaps you could get a tame union to unvestigate the working that may not be workings for you.
When dealing with MER or the like, perhaps the approach should be, are you dealing with a GLOVE, and if so, whose hand is driving the glove. In otherwords, take nothing at face value and if in doubt, get the hell out.

Imagine - those foaming at the mouth for “less government”, posting hate-filled rhetoric about “liberals” and spreading ignorance across this country - are the very same people trying desperately to keep their homes from foreclosure while voting in the same soulless demons who are selling them downriver. Why oh why are so many “intelligent” americans so willing to cut off their damn noses to spite their damn faces?

How much more needs to be demonstrated before main street America gets the picture?!!  These aren’t hippies and socialists stealing America, its corporate greed and corruption.

This country is in deep trouble. For one, Obama has not been the leader for a new Washington, has not used the Presidency as a bully pulpit to push this nation into a new direction, fiscally, environmentally & politically. Maybe it’s too late. Real unemployment is probably 20% and major media is as much a Washington lacky as there ever was. Funding for NPR is going to get axed, cutting off an alternative news source that we have to have. Is America dead? Where is the sanity?

Since all this came out, I’ve been checking my house records on-line.  1.  My mortgage package has my original lender and MERS on it. 

2.  My county records office has my original lender and MERS on the deed.  THere are no additional records in my name, including assignments.  I checked. 

3.  I checked the MERS database and it lists BAC Home Loan Servicing as both my servicer and LENDER ((??!!??).

4.  And the Freddie Mac webiste proudly announces in large font that “YES, Freddie Mac owns your loan.” 

Is this my BOHICA moment?

my coment come from the heart BANK OF AMERCIA is not rhe the lender on the mortage it is First Frankin Bank . I ask for copy of the note from both they banks and was given the run around by they saying that note is in a squence of numbers and that it hard to locate so I put it to Bank Of America thats a lie My note was sole as a securtly and that they dont have the note so until They prove it no bank or trustee can forclose on my home You see I have the copy of the note Myn signiture is not on it Just my husband The had Mers er electronicy sign my name on the deed of trust and that was told the page on the copy of deed of trust was that a witness and the signiture do not match. so where do go who I speak to where do I fille a action agaist BANK OF AMERICA HELP Me Someone

my coment come from the heart BANK OF AMERCIA is not rhe the lender on the mortage it is First Frankin Bank . I ask for copy of the note from both they banks and was given the run around by they saying that note is in a squence of numbers and that it hard to locate so I put it to Bank Of America thats a lie My note was sole as a securtly and that they dont have the note so until They prove it no bank or trustee can forclose on my home You see I have the copy of the note Myn signiture is not on it Just my husband The had Mers er electronicy sign my name on the deed of trust and that was told the page on the copy of deed of trust was that a witness and the signiture do not match. so where do go who I speak to where do I fille a action agaist BANK OF AMERICA HELP Me Someone I don’t want them to win they are in the wrong