A proposal under consideration in San Bernardino County, Calif., to use eminent domain to take over negative-equity properties at the expense of private-label mortgage-backed securities investors doesn’t serve a public purpose as required by the state constitution and the U.S. Supreme Court, according to legal experts. One appeals attorney argues that the proposed program can [...]
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Public Purpose Requirement Not Met in Eminent Domain Proposal
July 5th, 2012 
davidguide 
Posted in Business Loans 
Tags: consideration, Domain, domain proposal, equity properties, extract, investor, mortgage backed securities, property, san bernardino county, State, state constitution 
Comments OffSIGTARP Report Finds Hardest Hit Funds Barely Utilized
April 12th, 2012 davidguide The Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets was established in February 2010 through the Dodd-Frank Wall Street Reform and Consumer Protection Act . The program was to be funded with $7.6 billion intended to reduce mortgage principal on negative-equity properties, provide assistance for unemployed or under-employed borrowers and help eliminate [...]
Posted in Business Loans Tags: consumer protection act, equity properties, housing finance agency, innovation fund, mortgage principal Comments Off
