+  +  MERS-O-RAMA MERS: Great explanation on how MERS works and the lawsuit – The Mortgage Machine Backfires – By GRETCHEN MORGENSON – NY Times and Gretchen Explains MERS For You – Barry Ritholz -  Talk about burying the lead: Gretchen Morgenson does a nice [...]

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    Too Close For Comfort – Dan Gerstein – A new article reveals a coziness between banks and regulators. – Stewart recounts the first full face-to-face briefing on the crisis that President Bush received from Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke … In response, Bush asked “How [...]

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Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to make the [...]

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A Los Angeles Times editorial (Sept. 27) on the future of Fannie Mae and Freddie Mac includes positive words about the potential role of covered bonds in U.S. home financing.
In the editorial’s view, the two government-sponsored entities’ “mix of public mission and private ownership is too combustible to be sustained.” Instead, the federal government [...]

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