MERS Can’t Kill Pa. Deed Recorders’ Class Action

Does anybody really still believe it was all about the recording fees?! What a joke! It was all about securitization and skirting UETA safe harbor clauses.

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MERS Can’t Kill Pa. Deed Recorders’ Class Action

Law360, Philadelphia (April 22, 2014, 7:02 PM ET) — A Pennsylvania federal judge on Monday upheld the constitutionality of a statute requiring the registration of deeds, in a ruling that keeps alive a class action brought by Pennsylvania counties alleging that Mortgage Electronic Registration Systems Inc. violated the law.

U.S. District Judge J. Curtis Joyner ruled in favor of the counties’ deed recorders, rejecting MERS’ claims that the state law that obligates it to record all mortgage assignments with county deed offices and to pay the attendant recording fees was too vague. 

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Sense on Cents Discovers More Documents Denoting TBTF Damage Awareness During Clinton Era

No President wants the economy to crash on his watch. This is like playing musical chairs or passing the Hot Potato(e) – when the music finally stops who will be taking us down?

Clinton Presidential Documents c.1998: “Who’s on First?”
By Larry Doyle

Abott&CostelloEvery now and then I come across a document or statement that simply stops me in my tracks. In the process of pondering the weight and importance of the embedded message, I am typically left totally aghast.

Today I had one of those experiences as I continued to review the treasure trove of material in the recently released documents from the Clinton Presidential Library. From a document covering the work of the Council of Economic Advisers, I almost spilled my coffee when I read the following: Continue reading