MERS® began sending notices immediately after the January 24, 2012 deadline extension for the Annual Report, to mortgage servicers for breach and failure to respond to the 2011 Annual Report notification from MERSCORP, Inc. Basically, if a servicer did not submit the MERS® Quality Assurance plan with the Annual Report on or before January 24, 2012, they received a notice. Mortgage servicers are warned in [more...]
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As we approach the MERS® dead line extension for the annual MERS® compliance review that was moved from December 31, 2011 to January 24, 2012, we are finding that there are many servicers waiting to the last minute to wrap up the year. Quality Mortgage Services continues to receive calls daily from servicers rushing in a panic to complete the MERS® QC audit. The servicer [more...] In analyzing factors regarding the slowness of the current Housing Recovery, one needs to look no further than the FDIC. |
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