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Ballard Spahr LLP: MERS Has Power To Assign Interest in Deed of Trust, California Appeals Court Rules

By members of the Consumer Financial Services Group The California Court of Appeal has ruled that the Mortgage Electronic Registration Systems, Inc., or MERS, has the power, as nominee beneficiary, to assign its interest under a deed of trust. In its May 17, 2012, opinion in Herrera v. Federal...

Ballard Spahr LLP: Pennsylvania County Recorder Can Sue MERS for Failure to Record Mortgage Assignments, Federal Court Rules

By the Consumer Financial Services and Mortgage Banking Groups A Pennsylvania federal court recently refused to dismiss a putative class action filed against Mortgage Electronic Registration Systems (MERS) by a county recorder of deeds seeking to compel MERS to record past, present, and future mortgage...