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Matt Taibbi. Rolling Stone:. After charging the lower rate for three months, their mortgage lender reinstated the higher fee and billed the family $1,878.88. followed the Michigan Supreme Court’s Saurman decision permitting MERS to foreclose on a mortgage notwithstanding that MERS did not hold the underlying promissory note at the time.

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Even a 1% difference in the mortgage rate can save a homeowner $40,000 over 30 years for a mortgage valued at $200,000.. MSNBC with Cenk and Matt Taibbi on The mers mortgage mafia ® Wisconsin Mortgage Rates.

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