Trump’s Big Economic Policy Address Is Short On Specifics, Other Than Help For Wealthy

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Huffington Post:

Trump’s campaign on Monday pulled down his old tax plan from his website, and replaced it with the text of his Detroit speech. The original plan would have capped income taxes at 25 percent and long-term capital gains and dividends at 20 percent, while adding $12 trillion to the national debt.

In its place, Trump offered the same basic ideas, with some slightly shifted details. More details, he said, would be provided “in the coming weeks.”

He also offered some of his usual refrains: Trump lamented that the country had strayed from an “America First” policy; bemoaned that skyscrapers had been built in Beijing and refugees had been accepted into the U.S.; and called the unemployment rate a hoax.

“All of our policies should be geared towards keeping wealth inside the United States,” he said.

Trump is struggling in the polls after spending the last several days insulting…

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MERS game changer? Connecticut Supreme Court upholds new fee on lending industry

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States long imposed fees to record documents in land records.

The Mortgage Electronic Registration Systems loan registry system, created in the mid-1990s, meant lenders no longer needed to record security interest assignments in county land records each time they transferred a promissory note.

As a result, many counties sued MERS to force MERS members to record future security interest assignments and recover fees they claimed were “lost” because MERS members stopped recording assignments. MERS won the large majority of these cases.

[Note: Read HousingWire’s extensive chronicle of MERS proceedings, 600+ pieces of content, by clicking here.]

Connecticut tried a different tack to recover these alleged “lost” fees:  it amended the state’s land records statute to impose higher fees on mortgages for loans registered with MERS.  MERS filed suit to challenge the constitutionality of the statue, but in a February 2016 decision captioned MERSCORP Holdings, Inc. v. Malloy, the…

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