In the mid-'90s, the big banks set up the Mortgage Electronic Registration System, or MERS, to track mortgages as they're traded by investors in mortgage-backed securities. It's a system set up to let banks skip the process of paying recurring filing fees at county courthouses each time a mortgage was bought or sold. Now, many cash-strapped local governments, big and small, are filing lawsuits against MERS. Politicians contend their communities are owed millions of dollars.
Egyptian voters in Cairo, Alexandria and several other major cities are voting Monday in the first stage of the country's parliamentary election. Turn out is heavy and so far there has been no major violence. Melissa Block talks to NPR's Lourdes Garcia-Navarro.
Smart electric meters are being installed in homes across the country. The wireless devices replace old meters and transmit electricity usage data wirelessly to utilities. But there are concerns about accuracy and safety. Guy Raz talks to David Baker, energy reporter at the San Francisco Chronicle, for more.
Urban Meyer, who led the Florida Gators to two national football championships, will indeed be taking the head coaching job at Ohio State, according to reports from The Columbus Dispatch, ESPN and several other news outlets. There's a news conference at the school scheduled for 5:15 p.m. ET.
Originally published on Mon November 28, 2011 12:41 pm
There's no need for 18-year-old Emma Sullivan to apologize and his staff overreacted by telling officials at her high school that the teen had tweeted about how the governor "sucked," Kansas Gov. Sam Brownback (R) said today.
Originally published on Mon September 10, 2012 10:55 am
Throughout the week, World Cafe travels to Dublin, Ireland — the first stop in a quarterly series called Sense of Place. We hope to give you an idea of the past and present of the city's local music scene and provide tips from musicians and music lovers for those hoping to visit this culturally rich town.
Shoppers stormed retail stores this past weekend, and now on Cyber Monday, many are clicking their way to more purchases.
"I am definitely a price-based shopper," said Sarah Kelly, a 28-year-old Washington, D.C., resident who bought a KitchenAid mixer Monday morning as a holiday gift. She also bought shoes, clothes and other presents after waking early to search for online coupons and shipping offers. "I only purchase if the shipping is free," she said.