Category Archives: The Players

Who are the main players in this game?

Mortgage Loan Services

What they do: A mortgage servicer does not loan anyone money. Generally, their entry into the marketplace is after the fact. They perform a variety of services like handling payments, escrow accounts, annual statements, dealing with borrowers, collections, etc. This … Continue reading

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Mortgage Servicers, Overview, The Players

Distressed Homeowners Appeal to Third Circuit in Foreclosure Fraud Class Action Against Countrywide, Wells Fargo and Phelan Hallinan & Schmieg

Less than two weeks ago, an appeal was filed in the US Court of Appeals for the Third Circuit, alleging a Philadelphia based law firm, Phelan Hallinan & Schmeig (PHS) along with Countrywide Home Loans, Inc (CW) and Wells Fargo … Continue reading

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Foreclosure Defenses, Foreclosure Fraud, The Players

MERS – The Quarterback

  MERS has evolved into a totally different purpose today. Mortgage Electronic Registration Systems, Inc. is a wholly owned subsidiary of MERSCORP Inc., located at 1595 Spring Hill Rd Ste 310 Vienna, VA 22182. MERS was founded by the mortgage … Continue reading

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MERS, The Players