Once again, without “MERS”, This would not have been made possible. Not only did they give power to 20,000+ certifying officers “VP’s” nationwide the ability to sign any document, it also opened up the possibility to forging, backdating and fabricating them as we’ve seen in court cases!

They knew what was happening.

AP-

Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, federal regulators say.

The Federal Housing Finance Agency’s inspector general said in a report Friday that Fannie failed to establish an “acceptable and effective” way to monitor foreclosure proceedings between 2006 and early 2011. Government regulators then failed to ensure it was complying with demands that it clean up its programs.

[ABC NEWS]

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