The confusion of “Who owns the Mortgage” continues, with more and more states entering the battle against MERS. While winning the issue in many states, the battle continues. An article by Bloomberg recites a number of new counties and states that are in the battle against MERS, including all counties in Texas. Meanwhile, Kurt Pfotenhauer, former head of ALTA, has moved to MERS as Executive Vice President and Vice Chairman of the Board as shown on the MERS site.
|Kurt Pfotenhauer, Chairman||Executive Vice President and Vice Chairman||First American Title Insurance Company||Santa Ana, CA|
He has been replaced by Chris Abbinante, the new president of ALTA who formerly worked for Fidelity National.