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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  from Thursday, with a wild graphical depiction of MERS — Mortgage Electronic Registration Systems — that holds over 60 million mortgages on American homes:
via NYT 
The full article is worth reading . . .
Tracking Loans Through a Firm That Holds Millions 
NYT, April 23, 2009
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2009/04/the-mortgage-netherworld/
URLs in this post:
 NYT article: http://www.nytimes.com/2009/04/24/business/24mers.html
 Image: http://www.nytimes.com/imagepages/2009/04/24/business/24mers.graf01.ready.html
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