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Wednesday May 23, 2012 12:00 pm  

Idaho Supreme Court rules on loan transfer (access required)

by Brad Carlson
Published: January 27,2012
Time posted: 12:59 pm

The Idaho Supreme Court has weighed in on the nationwide mortgage banking industry’s system of registering and tracking loans. The court, in a Jan. 25 decision, found the system to be valid in an instance involving a Coeur d’Alene homeowner whose loan was transferred and foreclosed. The Mortgage Electronic Registration System (MERS) acts as the lender’s designated agent ...
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