Category Archives: MERS

American Banker: New wrinkle in the foreclosure mess

New Point of Foreclosure Contention: Default Notice Last year’s robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy could complicate foreclosures in the other 27 states. At issue is the notice of default, the first letter that a mortgage lender or servicer […]

Live Broadcast: Title insurance, Foreclosures, MERS, Standing and you (live radio broadcast)

The United States Foreclosure Crisis Michael Haltman of Hallmark Abstract Service appearing live on 1220 KDOW in San Francisco The show: The Real Wealth Show with Kathy Fettke The topic: Who’s really got title now? Where: The interview can be listened to below (the interview begins at 4 minutes, 10 seconds into the broadcast). Taped […]

Non-securitized mortgage flow chart

Exploring the current foreclosure crisis One of the major issues that will be in the spotlight moving forward will be the foreclosure of mortgages that were bundled and sold as REMIC’s, mortgage backed securities (MBS), and collateralized mortgage obligations (CMO’s). It is likely that for many of these mortgages that were sold and then resold, […]

Where have you been?

The Hallmark Abstract Sentinel, after an extended hiatus, is back with a vengeance! Hallmark Abstract will now be providing updates and insights to the mortgage and title industry on a regular basis going forward. In the current climate that includes questions surrounding foreclosures and terms that were once foreign to most including MERS, REMIC’s, robo-signing […]