Local Governments File Suits Against MERS | WAMU 88.5 - American University Radio
Filed Under:

Local Governments File Suits Against MERS

Play associated audio
In the mid-'90s, the big banks set up the Mortgage Electronic Registration System, or MERS, to track mortgages as they're traded by investors in mortgage-backed securities. It's a system set up to let banks skip the process of paying recurring filing fees at county courthouses each time a mortgage was bought or sold. Now, many cash-strapped local governments, big and small, are filing lawsuits against MERS. Politicians contend their communities are owed millions of dollars.
WAMU 88.5

Art Beat With Lauren Landau, July 22

This weekend you can see two classic operas about sex, jealousy and drama or sit down for a children’s theater performance that takes a lighter look at love.

WAMU 88.5

Two Chicken Megafarms Proposed In Delaware

Delaware is already a big state for the poultry industry, but proposals for two new megafarms could take things to the next level.

NPR

U.S. Appeals Courts Issue Conflicting Decisions On Obamacare Subsidies

One panel threw out subsidies in the 36 states that did not set up their own insurance exchanges. Another said the IRS rule that set them up was legal.
NPR

Tweeting From A Conflict Zone: Does It Help Or Hurt News Reporting?

As Gaza, Ukraine and Syria trend on Twitter, has social media changed the way conflicts are covered? Host Michel Martin finds out from reporter Anne Barnard and Peter Bouckaert of Human Rights Watch.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.