A recent New York Times article discussed a paper by Christopher Peterson, a professor of law at the University of Utah S.J. Quinney College of Law, dealing with the mortgage crisis and MERs, or the Mortgage Electronic Registration Systems.
The article begins by asking whether MERS, “the great securitization machine that made hundreds of billions of dollars in mortgage loans [is] based on a legal foundation of sand?”
It describes research by Peterson and fellow law professor Adam Levitin of Georgetown, who charge that state supreme courts could go much further in reducing the reach of MERS.
The New York Times article can be read here (requires free registration).