The reports of foreclosure problems are coming out with lightning speed..

From WaPo Business on oct. 7 about lack of standing to foreclose and the use of MERS - good read:
Banks lack standing to foreclose

And this from WaPo Business Oct 16 addressing the foreclosure mills and their "incentives" to move as many foreclosures as fast as they can:
Foreclosure Mills Paid for volume

For Kicks, re-read this
No standing defense deemed "conclusory":