Financial Services Industry Lobbying For Acceptance Of Mortgage Trading System

Financial Services Industry Lobbying For Acceptance Of Mortgage Trading System

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MERS, which stands for Mortgage Electronic Registration Systems, is a system of private databases and protocols used by almost all lending institutions to help track and trade securitized mortgages throughout the investment community.  In the wake of the financial crisis, the system has come under criticism for a lack of transparency and has been legally challenged by foreclosed homeowners who argue that the system is flawed.  The growing choir of complaints has financial industry players lobbying aggressively to have legislation passed that would effectively protect the system in the courts.  MERS is operated by Merscorp, Inc based in Reston, VA.

Read The Entire Article by Ariana Eunjung Cha and Brady Dennis in The Washington Post

In 2010, Merscorp, Inc has utilized the lobbying services of:
• Crosby Group
• Duncan, John
• Jones, Walker et al
• Livingston Group