As Major Banks Move Toward Foreclosure Settlement, A Deeper Look at MERS...And Does It Hold Your Mortgage?

 UPDATE 3/7: CalculatedRISK has the the settlement proposal document and further information.

Original Post 3/6: 
MERS, the Mortgage Electronic Registration System, is a tiny company located in Reston, VA.  Though it's not paid nobody nothin', it holds title to roughly 60 Million mortgages--about half of all those in the USA.  It has been at the center of the "robo signing" crisis/scandal.