GOP Wants to ‘Nationalize’ MERS

A new Senate bill proposing to wind down the GSEs by at least 10% a year also includes a provision that would replace the private MERS System with an identical platform run by the Federal Housing Finance Agency — along with new national standards for mortgage title transfers.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_474/gop-nationalize-mers-1027419-1.html

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