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The Mortgage Netherworld

Posted By Barry Ritholtz On April 26, 2009 @ 1:24 pm In Credit,Legal,Real Estate | Comments Disabled

I meant to mention this NYT article [1] from Thursday, with a wild graphical depiction of MERS — Mortgage Electronic Registration Systems — that holds over 60 million mortgages on American homes:

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click for ginormo graphic
24mers-graf011 [2]

via NYT [2]

The full article is worth reading . . .

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Source:
Tracking Loans Through a Firm That Holds Millions [1]
MIKE McINTIRE
NYT, April 23, 2009

http://www.nytimes.com/2009/04/24/business/24mers.html


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URL to article: http://www.ritholtz.com/blog/2009/04/the-mortgage-netherworld/

URLs in this post:

[1] NYT article: http://www.nytimes.com/2009/04/24/business/24mers.html

[2] Image: http://www.nytimes.com/imagepages/2009/04/24/business/24mers.graf01.ready.html

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