Oregon Supreme Court will tackle MERS foreclosure issues

Brent Hunsberger, The Oregonian A day after a key ruling from a lower appeals court, the Oregon Supreme Court said it will resolve uncertainty surrounding the mortgage industry’s controversial loan tracking system and its role in out-of-court foreclosures. The state’s highest court on Thursday  officially accepted questionssent to it by U.S. District Court chief judge Ann Aiken. The questions stem […]

Oregon COA Bitchslaps MERS

Brent Hunsberger, The Oregonian The Oregon Court of Appeals struck a blow to the mortgage industry in Oregon Wednesday, ruling that its controversial document-registry system could not be used to skirt state recording law in out-of-court foreclosures. In a decision with implications beyond the Mortgage Electronic Registration Systems Inc., the state’s second-highest court also held Wednesday that […]

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