The more I research MERS and how they operate, the more I think this is a major problem waiting to take the whole banking industry down. With thousands of members, ranging from FannieMae to small banks, the effect that MERS problems will have will be far reaching.
It is slowly becoming mainstream. I just finished reading a very indepth article from February on the Bloomberg website. The answer to my question, "Why hasn't this made the 'real' news?" is answered by the fact that it is far reaching and permiates many levels of business and government.
I am at a loss to see how this will be resolved without a total meltdown.
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / email@example.com
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker