FILE - In this Jan. 25, 2009 file photo, a Bank of America branch office is shown in New York. Bank of America, Citi, Wells Fargo Bank, JPMorgan Chase and other banks got together in 1997 and formed a... more 
FILE - In this Jan. 25, 2009 file photo, a Bank of America branch office is shown in New York. Bank of America, Citi, Wells Fargo Bank, JPMorgan Chase and other banks got together in 1997 and formed a private company called Mortgage Electronic Registry Systems Inc., or MERS. Its motto: "Process loans, not paperwork." less 
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Associated Press | Photo By Mark Lennihan, file
Thu, Nov 11, 2010 6:03 PM EST