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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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MERS Is Now In Federal Court


A California man was originally foreclosed on by MERS, the mortgage electronic registration system. The man has filed his case with the Supreme Court on Monday August 29th, 2011. The man alleges that "MERS" did not have the current note holder's authority to foreclose." This is the first MERS case that has been brought to the attention of the Supreme Court.  If the Supreme Court decides to take on this case, it will affect all homeowners with MERS loans.