A consortium of venture capitalists out of San Francisco hopes to cash in on a proposed strategy for local governments to use the power of eminent domain to seize control of private-label residential mortgage-backed securities and cut the principal balances of negative-equity borrowers. The proposal was set for a vote Monday in San Bernardino County, [...]
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County Considers Use of Eminent Domain for Mortgages
June 19th, 2012 
davidguide 
Posted in Business Loans 
Tags: Considers, control, Domain, mortgage backed securities, neighborhood revitalization, residential mortgage backed securities, resolution, resolution partners, strategy, venture capitalists, vote 
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