Fannie and Freddie both own 10% or more stock in MERSCORP. They have their own member IDs and can move things around at will without the supervision of MERS.
This was recently filed in Federal Court.
DEFENDANTS’ CORPORATE DISCLOSURE STATEMENT
Pursuant to Fed. R. Civ. P. 7.1 and D.C.COLO.LCivR 7.4, Defendants JPMorgan Chase Bank, National Association (“Chase”) and Mortgage Electronic Registration Systems, Inc. (“MERS”), by and through their undersigned counsel, hereby disclose as follows:
1. Chase is a wholly owned subsidiary of JPMorgan Chase & Co., which is publicly traded. No publicly held corporation owns ten percent or more of JPMorgan Chase & Co.’s stock.
2. The parent corporation of MERS is MERSCORP Holdings, Inc. No publicly held corporation owns 10% or more of MERS’ stock. MERSCORP Holdings,
Inc. does not have a parent corporation. The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association each owns 10% or
more of MERSCORP Holdings, Inc.'s Stock.
Respectfully submitted this 17th day of December, 2013.
KUTAK ROCK LLP
By: s/ Jeremy D. Peck
Mark C. Willis, Esq.
Jeremy D. Peck, Esq.
1801 California Street, Suite 3100
Denver, CO 80202
Telephone: (303) 297-2400
Facsimile: (303) 292-7799
Attorneys for Defendants JPMorgan Chase Bank, National Association and Mortgage Electronic Registration Systems, Inc.