From: Charles Cox [mailto:charles@bayliving.com]
Sent: Tuesday, August 16, 2011 5:26 PM
To: Nancie Koerber
Subject: WTF?
The judge is Michael Mosman of the USDC for the District of Oregon, Portland Division. MERS is gloating over these decisions. Check out their newsroom – http://www.mersinc.org/newsroom/press_details.aspx?id=300
Although Judge Mosman cites Hooker, IMHO, his interpretation is way off. Mosman did what Florida’s 5th DCA did in the Taylor v. Deutsche ruling – take an extremely winding path in order to reach the conclusion that MERS has some sort of authority. To this extent, Mosman states that the infamous clause in every mortgage granting MERS certain rights "if necessary to comply with law or custom" grants MERS the right to receive payment of the obligation.
The Hedge 