[quote=SK in CV] But the article pretty clearly states that in these cases that MERS was not listed as the beneficiary, only that MERS was “another entity listed on the trust deed”.[/quote]

Here’s a sample MERS trust deed

http://www.mersinc.org/filedownload.aspx?id=215&table=ProductFile

MERS is explicitly named as one of the beneficiaries.