Jude's Threshold

A Tapestry Blog of Astrology, Politics, Art, and Social Concerns

Homeowners may find mercy from MERS

A big bank invention of the early 1990s meant to make property titles easier while getting around local titling fees, MERS may be of help to some troubled homeowners by making it the pittard upon which to hoist a few mortgage institutions!

The MERS dilemma sounds like a mighty big mess to me but if making use of it keeps families in their homes rather than putting them out on the streets, let’s have a huge helping of MERS for America’s sake and for the common good.

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  1. MERS provides a valuable service to consumers by making servicer information available to homeowners whose loans are registered on the MERS System. MERS also informs the borrower when the owner of their loan changes. The servicer information is available at no cost to the borrower via a toll-free helpline (888-679-6377) and a free website (http://mers-servicerid.org).

    Since 1997, more than 64 million home loans have been assigned a MIN and have been registered on the MERS® System. Today, more than 60 percent of all newly originated mortgage loans—including those from Fannie Mae, Freddie Mac, Ginnie Mae, all major conduits and state housing authorities—have a MIN.

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    MERSCORP, Inc.

    August 31, 2010 at 7:27 pm


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