What has changed? Electronically, what is the problem and what has caused it?

So MERS is part of the problem.

Let us go back a few years, let us say seven, eight, or 10 years ago, 2001, or it will be.

We need to determine the extent of the problem.

No, I asked you a question. Was that the law of the land--in other words, you can do this?

Why would it be unnecessary to show who owned the mortgage before you foreclosed on it?

We need to determine whether the flaws in the process led to improper results.

In other words, preempt the State in property and recording? That is a strong----

It appears that thousands of so-called 'robo-signers' working on behalf of banks that service loans, signed foreclosure related court documents swearing that they had 'personal knowledge' of the facts of each foreclosure case.

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.

It is important to hear from our regulators. They are responsible for overseeing financial institutions, detecting these types of problems and formulating credible solutions.

Well, isn't this part of the problem in the foreclosure process?