Exclusive: Facing criticism, MERS cuts role in foreclosures

NEW YORK (Reuters) - MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/_O8n2hRAes0/us-mers-foreclosure-idUSTRE76Q67L20110727

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