*Letters

Plans to Study the Use of Eminent Domain to Seize Troubled Mortgages

Published on:
January 4, 2013
Committees:

SIFMA and SIFMA’s Asset Management Group (AMG) provide follow-up comments the Brockton, Mass. City Council opposing the use of eminent domain to seize securitized mortgage loans that are underwater or delinquent. Brockton City Council is considering forming a working group to examine the feasibility of the proposal.  The groups share their views and a recent joint trade letter sent to the Federal Housing Finance Agency (FHFA).

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