Fannie Mae warns of SIGNIFICANT RISK, Half of FNMA's mortgages registered in MERS name

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Fannie Mae warns of SIGNIFICANT RISK, Half of FNMA’s mortgages registered in MERS name

Fannie Mae warns of SIGNIFICANT RISK, Half of FNMA’s mortgages registered in MERS name

Two things… she’s either trying to scare you since they just announced she seeks billions from taxpayers last week, or they are trying to come clean in case this all folds up… knowing they ALWAYS knew this system was wrong.

After all, if you recall she made another announcement last year, MERS May NOT Foreclose for Fannie Mae effective 5/1/2010 and then her mate followed, Freddie Mac Tells Servicers NOT To Foreclose In MERS.… so she was possibly working on this for some time. Both shareholders of MERS from the beginning.

Coincidence? Do you have a choice to remove MERS off your loan at the closing table?

Dont’cha wonder what was the point of saving on recording fees or the amount it take$ to defend MERS? Betcha either was well worth it as it made wall street CEO’s billions and others many millions.

Housing Wire-

Roughly half of the mortgages owned or guaranteed by Fannie Mae are registered in the Mortgage Electronic Registration System name, according to a filing by the government-sponsored enterprise last week.

Fannie’s guaranty book of business totaled $2.9 trillion at the end of the first quarter, meaning about $1.45 trillion of loans are registered in MERS’ name. The connection, Fannie said, poses a significant risk.


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2 Responses to “Fannie Mae warns of SIGNIFICANT RISK, Half of FNMA’s mortgages registered in MERS name”

  1. Pamela says:

    Like this was unexpected in some way.Dirty hands straight across the board.You get what you deserve!

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  1. […] SAW this baby coming across miles away, and this will not be the last. Just yesterday, Fannie said MERS poses a significant risk…no […]


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