Senator Shelby reacts to the absurdity of underwriting requirements.
10/19/2009
https://www.congress.gov...
What has changed? Electronically, what is the problem and what has caused it?
But is it reflected--excuse me. It might be reflected on your computer, but is it reflected in the courthouse where the mortgage is recorded...
So MERS is part of the problem.
Why would it be unnecessary to show who owned the mortgage before you foreclosed on it?