Browsing Tag


FHFA Calls Eminent Domain ‘Threat’ to GSEs, May Consider Legal Action

As local governments consider the use of eminent domain to seize underwater mortgages, they may have to deal with the Federal Housing Finance Agency (FHFA)

September 12, 2013 Banking

Industry Questions Legality of California City’s Eminent Domain Plan

After the city of Richmond, California, announced an unconventional plan to ward off foreclosures among underwater homeowners, several industry groups have called into question the

August 47, 2013 Banking

Congressman Takes Eminent Domain Battle to D.C.

Rep. John Campbell (R-California) introduced to Congress a piece of legislation designed to keep local governments from using eminent domain to seize homes with underwater

September 47, 2012 Banking

SIFMA Expresses Opposition Toward Eminent Domain at Meeting

Oh behalf of the Securities Industry and Financial Markets Association (SIFMA), Tim Cameron prepared remarks for a meeting in San Bernardino County to once again,

August 49, 2012 Banking

County Considers Using Eminent Domain to Tackle Negative Equity

In San Bernardino County, an idea is being explored that would apply the concept of eminent domain to solve the problem of underwater homes in

July 04, 2012 Banking
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