All The Kings Men:
Shareholders played a critical role in the development of MERS. Through their capital support, MERS was able to fund expenses related to development and initial start-up.
The following organizations are Shareholders of MERS:
MERS was created by the mortgage banking industry to streamline the mortgage process by using electronic commerce to eliminate paper. Our mission is to register every mortgage loan in the United States on the MERS® System.
Beneficiaries of MERS include mortgage originators, servicers, warehouse lenders, wholesale lenders, retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders and consumers.
MERS acts as nominee in the county land records for the lender and servicer. Any loan registered on the MERS® System is inoculated against future assignments because MERS remains the nominal mortgagee no matter how many times servicing is traded. MERS as original mortgagee (MOM) is approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA and VA, California and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.
Let me Explain:
MERS was ‘created’ by MegaBanks. These MegaBanks are owned by MegaMegaBanks like the IMF, World Bank, and the FED (for goodness sakes the FED is a group of International Corporations!). The sub-prime market crash never stopped. Foreclosures are being halted in 50 states by Bank of America alone. Many of the banks above are halting their Foreclosure procedures as well. WHY? Because someone figured out that MERS does not have the legal authority to foreclose on your home and that no one really knows where the true title deed is for your home. Conclusion: If MERS is not the owner, and no one can prove who the owner is, then your house cannot be foreclosed and all that money that was lent out cannot be collected and this shows that the Banks are insolvent and completely bankrupt because they hold no assets. They don’t own your house, they can’t sell your house because they can’t forclose on your house, and all the made up profits are really losses; the Emperor is Naked.
Humpty Dumpty (MERS money laundering scheme) has fallen off the Wall (st.) and NONE of the KINGS Men (IMF, World Bank, FED, MegaBanks) can put him back together again. The US is third world Africa. We are China. We are Greece. We are done. We will have to accept a complete and total Breakdown of our banking system and a New New World Order will be put in effect.
And please don’t be a fool thinking you can buy gold. These same bankers who set up MERS, are hedging against GOLD and commodities; they know it’s all going to pot, and even so, they also know that the New World Order will never use Gold as a new currency. How can they possibly allow you to have any wealth?
If you’re homie is on the street corner with a sign that says “Ca$h for GOLD” you gotta know it’s another bubble (trick).
In simple language, MERS is an on-line computer software program for tracking ownership.
MERS was conceived in the early 1990’s by numerous lenders and other entities. Chief among the entities were Bank of America, Countrywide, Fannie Mae, Freddie Mac, and a host of other such entities. The stated purpose was that the creation of MERS would lead to “consumers paying less” for mortgage loans. Obviously, that did not happen. (Trouble with MERS)