MERS owner to acquire Simplifile as mortgage eNote usage grows

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MERS AND CITIBANK ARE NOT THE REAL PARTIES IN INTEREST. Under California law, to perfect the transfer of mortgage paper as collateral the owner should physically deliver the note to the transferee. Bear v. Golden Plan of California, Inc., 829 F.2d 705, 709 (9th Cir. 1986).

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MERS owners to acquire Simplifile as debt eNote use grows May 02, 2019 RSS FEED No comments Intercontinental Exchange’s due merger of Simplifile will raise a MERS unit’s flourishing participation in doing electronic notes.

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Intercontinental Exchange, Owner of MERS, Buying Simplifile for $335 Million Lending Intercontinental Exchange ( ICE ), the company that bought MERS last year and a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it has entered into a definitive agreement to acquire Simplifile, LC.

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