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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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DJSP Enterprises, Inc. Announces Intention to Voluntarily Delist and Deregister Stock

DJSP Enterprises, Inc. Announces Intention to Voluntarily Delist and Deregister Stock


Form 8-K for DJSP ENTERPRISES, INC.


8-Mar-2011

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stan


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing. DJSP Enterprises, Inc. (the “Company”) today announced that it has notified The NASDAQ Stock Market LLC (“NASDAQ”) of its intent to voluntarily delist its ordinary shares, warrants, and units from the NASDAQ Global Market and deregister its ordinary shares, warrants, and units under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In connection therewith, the Company notified NASDAQ of its intention to file, on or about March 18, 2011, a Form 25 with the Securities and Exchange Commission (the “SEC”) to voluntarily delist the ordinary shares, warrants, and units. The ordinary shares, warrants, and units will continue to be listed through March 28, 2011 and will no longer be listed thereafter.

The Company also announced its intention to file a Form 15 with the SEC on or about March 28, 2011, in order to terminate the registration of the ordinary shares, warrants, and units under Section 12 of the Exchange Act and to terminate its reporting obligations under the Exchange Act.

A copy of the press release announcing the Company’s intention to delist and deregister the ordinary shares, warrants, and units is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits
(d) Exhibits.

Exhibit No. Descriptions
99.1 Press release, dated March 8, 2011.

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