The mortgage and note are made out to the wharehouse lender's name - except it says MERS is mortgagee - which contradicts my h/o ins policy which must read the lender as mortgagee. I found out the lender is not the funder. Funder is never mentioned anywhere in docs. The lender transfers servicing to a bank, the bank then says it is the mortgagee and an affidavit of assignment from MERS to the bank is recorded. The bank's subsidiary is the servicer on the loan. The bank's subsidiary says that MERS is still the mortgagee, but that Fannie Mae owns the note. Title company says that the funder (a sister co of the lender) sold the note to the bank at closing, and the bank sold it to Fannie Mae (no sec reporting), who securitized and kept bank subsidiary as servicer.
Who can foreclose?