Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Dec 21, 2022
As previously announced, MERS published an announcement on August 15, 2022 regarding its 22.2 release for the MERS System/Procedures. Included in their announcement was an update to the MERS physical address for Indiana, Mississippi, New York, and Pennsylvania. The address was revised from 1901 E Voorhees Street, Suite C, Danville, IL 61834 to 11819 Miami St., Suite 100, Omaha, NE 68164.
On November 30, 2022, Fannie Mae announced that the instructions to the Indiana, Mississippi, New York, and Pennsylvania security instruments (Forms 3015, 3025, 3033, and 3039) had been revised to update the MERS street address in paragraph 6(b) of the instructions. All changes in paragraph 6(b) have spelled out the word “Street” rather than using the abbreviation “St.” in the physical address “11819 Miami St.”
Consequently, the following documents have been updated from “St.” to “Street”, and various document cleanup has occurred to more closely conform with Fannie Mae’s complete definition of MERS:
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- Cx324 IN Mortgage
- Cx334 MS Deed of Trust
- Cx343 NY Mortgage
- Cx347 PA Mortgage
- Cx482 IN Mortgage Second
- Cx492 MS Deed of Trust Second
- Cx501 NY Mortgage Second
- Cx505 PA Mortgage Second
- Cx1327 HELOC Mortgage – NY
- Cx1348 HELOC Mortgage – PA
- Cx1381 HELOC Mortgage – IN
- Cx1524 IN Assignment of Mortgage
- Cx1534 MS Assignment of Deed of Trust
- Cx1542 NY Assignment of Mortgage
- Cx1583 NY Consolidation, Extension and Modification Agreement
- Cx1585 PA Assignment of Mortgage
- Cx1701 Loan Modification Agreement – Fixed
- Cx3033 HELOC Deed of Trust – MS
- Cx4320 IN Assignment from MERS
- Cx4330 MS Assignment from MERS
- Cx4338 NY Assignment from MERS
- Cx4344 PA Assignment from MERS
- Cx4888 Loan Modification Agreement – ARM
- Cx10514 Loan Modification Agreement – ARM
- Cx10515 Loan Modification Agreement – Fixed
- Cx16198 NY CEMA GAP Mortgage
- Cx19372 FHA IN Mortgage
- Cx19382 FHA MS Deed of Trust
- Cx19390 FHA NY Mortgage
- Cx19396 FHA PA Mortgage
- Cx19425 FHA NY CEMA GAP Mortgage
- Cx23134 NY HELOC Consolidation, Extension and Modification Agreement
- Cx25278 3033 NY CEMA Gap Mortgage 2021
- Cx25293 3015 IN Mortgage 2021
- Cx25303 3025 MS Deed of Trust 2021
- Cx25311 3033 NY Mortgage 2021
- Cx25317 3039 PA Mortgage 2021
Effective Date
The new address is triggered based on the new indicator “Print New MERS Physical Address” (Field 155962). The field is globally mapped to “Yes” to trigger the new address on Stage 1 and Stage 2 for testing. These changes will be in effect on Production on December 28, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR-138438
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.