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NY appellate court scrutinizes the MERS standing issue From Housing Wire A decision by New York’s 2nd appellate division may not have a direct impact on the issue of when Mortgage Electronic Registration Systems has standing in foreclosure cases, but it contains persuasive language that could be a shot across the bow when it comes to jurisdiction relating to MERS.
So, Where Will Housing Double Dip? 2 days ago. We hear two opposing arguments from bulls today: 1.. top prior to a recession, worse than 1929 and the housing bubble.. The same warning occurred ahead of the GFC, tech bust, Asian crisis, S&L crisis, and 1980's double dip recessions. The only false signal was in 1986, but one could argue that it did.
Radian 4Q earnings hit $36.4 million Rocket docket return: Another weapon for foreclosure defense mers wins big once more in Federal Court of Appeals Petition for Allowance of Appeal is Granted in Second Case Against MERSCORP, Inc. The pennsylvania supreme court granted allocatur in a case against MERSCORP, Inc.
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Relevant to our determination is the decision of the Court of Appeals in Matter of MERSCORP, Inc. v Romaine , which held that the Suffolk County Clerk was compelled to record and index mortgages, assignments of mortgages, and discharges of mortgages that named MERS as the lender’s nominee or mortgagee of record. In a concurring opinion, Judge Carmen Beauchamp Ciparick specified that the issue of whether MERS has standing to prosecute a foreclosure action remained for another day (id. at 100).
MERSCORP was victorious in two recent appellate. court in New York originally denied Chase’s motion for summary judgment to its foreclosure complaint, ruling that the bank lacked standing to.
NY appellate court scrutinizes the MERS standing issue Court of Appeals Scrutinizes 18-b Rules – The Court of Appeals decided that the Fourth Department should not have passed judgment on the constitutionality of the first two rules as counsel had no standing to raise the issues, and, significantly, left undisturbed the Fourth Department’s.
Housing Wire reports:. A decision by New York’s 2nd Appellate Division may not have a direct impact on the issue of when Mortgage Electronic Registration Systems has standing in foreclosure cases, but it contains persuasive language that could be a shot across the bow when it comes to jurisdiction relating to MERS.
New FHFA working paper reimagines housing crash New FHFA working paper reimagines housing crash.. A new working paper from the Federal Housing Finance Agency published today proposes a new way to measure how far home prices could fall in a. Post navigation Fixed-rates on mortgages rise at fastest pace since 1987.