Many of these homeowners, unlike "sovereign citizens", actually appear to have the law on their side. They aren't just making up their own insane interpretation of the legal system. It even sounds like it's more like MERS who made up an interpretation of title that disagrees with state laws.

You seem to be saying that MERS's interpretation should be correct, that MERS's database should be the law of the land and investors should be able to buy and sell the title to mortgages without states and counties being involved.

The current system has homeowners getting windfalls because MERS screwed up, and I suspect that screw-ups in your version would have the opposite effect, where homeowners get robbed by computers and nobody can be held accountable.

So that seems bad. And what would the benefit be? Sure, it would make mortgage-backed securities more efficient, but -- why is that good?