In a move that might bring more certainty to the role of Mortgage Electronic Registration Systems in the foreclosure process, Fannie Mae is requiring lenders to more clearly identify MERS-registered mortgages. The government-sponsored enterprise already requires lenders to report the MERS Mortgage Identification Number for mortgages originated with MERS as the nominee for the mortgagee or assigned to MERS. Then two weeks ago, Fannie announced several updates to its selling guide having to do with MERS-registered mortgages, one of which is...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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