MSNBC with Cenk and Matt Taibbi on The MERS Mortgage Mafia ® Wisconsin Mortgage Rates

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Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with Matt Taibi of Rolling Stone about bank foreclosure fraud.

Mortgage Rates, New Jobless Claims Lower Freddie Mac reported lower mortgage rates last week. The average rate for a 30-year fixed rate mortgage was six basis points lower at 3.60 percent; the rate for a 15-year fixed-rate mortgage averaged 2.87 percent, which was five basis points lower than the previous week.

Matt Taibbi and Yves Smith discuss on Bill Moyers. Video and transcript. Posted on June 24, 2012 by William Brighenti. There’s vast criminality in Wall Street now. It’s bribery, theft, fraud, bid rigging, price fixing, gambling, loan sharking.. just as Capone and the Mafia and gangsters.

MERS was convenient for the mortgage industry, but courts are now questioning the impact of all of this financial juggling when it comes to mortgage ownership. To foreclose on real property, the plaintiff must be able to establish the chain of title entitling it to relief.

Last year, Mortgage Electronic Registration Systems Inc. (MERS) became the subject of lawsuits from counties across the nation as District Attorneys allege the company never owned the loans they were facilitating foreclosures for, and in most cases, judges agree, and their authority to facilitate has been denied in several counties.

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TODAY’S INTEREST RATES. November 26th, 2012. I hope everyone had a happy and safe Thanksgiving!! Interest rates rose last week with the mortgage backed security market trading down (-53 bps). The stock market has been doing very well recently with optimism that a Fiscal Cliff deal will get done and positive signs from the economy.

The Mortgage Crisis, MERS, and Chapter 13. The Mortgage Crisis was created by Mortgage Lenders, Banks, and Financial Institutions through the use of sub-prime lending and mortgage-backed securities. This article explores this crisis within the context of bankruptcy by examining sub-prime lending, mortgage securitization, MERS,

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We all know that Mortgage Electronic Registration Systems (MERS) has been pretty thoroughly discredited although there are still many judges whose attitude is "so what", and the foreclosure goes forward anyway. MERS does not meet the statutory requirements to be a beneficiary under a deed of trust nor a mortgagee under a mortgage deed.