“You got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run” [The Gambler, by Kenny Rogers, 1978]
This isn’t really late-breaking news. It’s been under internal discussion for months, but now it’s official: MERS is out of the foreclosure business. Read the full story here. Remarkable? Not for the decision itself. What is remarkable is that it took so long. Then again, maybe not, when you consider the MERS is owned by the same folks that brought us The Modification Game. It’s hard to stop when you’re having so much fun….