Eminent domain for underwater mortgages could have biggest impact on banks
By Matthew Goldstein A controversial idea of using the power of eminent domain to seize underwater mortgages may hurt some of the nation’s biggest banks more than investors in mortgage-backed...
View ArticleThe eminent domain brush fire
By Matthew Goldstein It didn’t take long for the powerful voices on Wall Street to rise up in protest over an intriguing and controversial idea to condemn distressed mortgages through local...
View ArticleEminent Domain reader
Jenn Ablan and I have done a lot reporting on Mortgage Resolution Partners’ plan to get county governments and cities to use eminent domain to seize and restructure underwater mortgages. As we’ve...
View ArticleWill FHFA opposition to principal reductions boost eminent domain efforts?
By Matthew Goldstein and Jennifer Ablan There’s nothing surprising about FHFA head Ed DeMarco’s decision to nix the idea of writing down some of the debt owed by cash-strapped homeowners on mortgages...
View ArticleUF Weekend Reads
So it appears Uncle Ben a/k/a Fed Reserve Chairman Ben Bernanke finally gets it: to fix the U.S. economy, you need to fix housing. The trouble is the Fed’s remedy of buying $40 billion worth of...
View ArticleEminent domain or principal reductions, the bottom line is reducing mortgage...
By Matthew Goldstein and Jennifer Ablan It’s been almost six months since we first reported on the plan by Mortgage Resolution Partners to find a community willing to use eminent domain to condemn and...
View ArticleTalking straight with money managers, policy makers and econ gurus
By Matthew Goldstein and Jennifer Ablan We may not be TV people but there’s something to be said for just sitting down and doing a video interview to discuss the big issues of the day. And that’s just...
View ArticleOne more try at the Great Refi
By Matthew Goldstein Don’t be surprised if President Obama includes a line or two in his State of Union address this evening about the need for a plan to allow millions of struggling homeowners whose...
View ArticleThe housing proposal that won’t die
One of the biggest economic stories this year has been the recovery in U.S. home prices. But for the more than 11 million homeowners stuck with a mortgage that’s worth more than the value of their...
View ArticleThe nine lives of the eminent domain for mortgages debate
By Matthew Goldstein and Jennifer Ablan Law professor Bob Hockett, widely credited with popularizing the idea of using eminent domain to restructure underwater mortgages, says he continues to be...
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