U.S. House Appropriations Committee Includes Language in T-HUD FY 2015 Appropriations Bill that would Prohibit FHA, HUD or Ginnie Mae from using Funds to Make, Insure or Guarantee Mortgages Acquired through Eminent Domain
Preliminary Report Commissioned by Seattle City Council Recommends Rejection of Eminent Domain Mortgage Seizure Proposal
American Land Title Association States that Guidance Needed from HUD on the Eminent Domain Mortgage Seizure Proposal in Order to Provide Certainty for Mortgage Market
Administration Official Emphasizes in Speech that Better Alternatives Exist for Homeowners than Eminent Domain Mortgage Seizure Proposal
Seattle MBA and Washington MLA Lead Local Industry Coalition Letter to Seattle City Council Warning of Dangers from Eminent Domain Mortgage Seizure Proposal
Bipartisan Group of Senators Send Letter to HUD and Treasury Urging HUD to Prohibit FHA from Insuring Mortgages Seized Through Eminent Domain
Mortgage Bankers Association, "Eminent Domain Battle Shifts to Another California City"
MBA and California MBA Send Joint Letter to Pomona, CA Urging them to Abandon Consideration of Eminent Domain Mortgage Seizure Proposal
Urban Institute, "Eminent Domain: The Debate Distracts from Pressing Problems"
Reuters, "Calpers Concerned about Richmond, Calif.'s Mortgage Plan"
Reuters, "Moody's Concerned by Richmond, California's Plan for Mortgages"
Wells Fargo Bank v. City of Richmond Dismissed on Procedural Grounds, But May be Re-Filed if Richmond, CA Gives Final Approval for Eminent Domain Mortgage Seizures
American Land Title Association Critical of Eminent Domain Mortgage Seizure Proposal in Statement
Seattle City Council Hears Presentation on Eminent Domain Mortgage Seizure Proposal
San Francisco Supervisor Proposes Board Resolution to Support Richmond, CA and Commission Study on Eminent Domain Plan
Nevada's North Las Vegas City Council Abandons Eminent Domain Mortgage Proposal
Inside Bay Area, "Richmond Eminent Domain Plan is Dangerous"
HUD Responds to Letter from Members of Congress Asking for Clarification on HUD's Policy Regarding Mortgage Seizures Through Eminent Domain
MBA President and CEO David H. Stevens Files Affidavit in Support of Mortgage-Bond Trustees in their Eminent Domain Lawsuit, Wells Fargo Bank v. City of Richmond
Mortgage-Bond Trustees Submit Motion for Preliminary Injunction in Lawsuit against Richmond, CA and Mortgage Resolution Partners
FHFA Issues Statement and General Counsel Memorandum Addressing Concerns with Eminent Domain Mortgage Seizure Proposal and Potential Consequences if Implemented
Mortgage-Bond Trustees File Lawsuit against Richmond, CA and Mortgage Resolution Partners to Stop the City's Plan to Utilize Eminent Domain to Seize Mortgages; Separate Lawsuit Also Filed by Different Trustee
MBA and a Coalition of State and Local MBAs Send Joint Letter to Congress Expressing Opposition for Proposal Seeking to Seize Mortgages Through Eminent Domain
MBA and a National Coalition of Trade Associations Send Joint Letter to Congress Expressing Opposition for Eminent Domain Mortgage Seizure Proposal
Lawsuit Filed in Nevada Seeks to Enjoin Use of Eminent Domain to Acquire Mortgage Loans
MBA President and CEO David H. Stevens, "Why Eminent Domain Is Simply Wrong"
Members of Congress Request Written Confirmation of HUD's Policy on Eminent Domain Mortgage Seizure Plan's Proposed Use of FHA
The Wall Street Journal, "The Fed's Eminent Mistake"
Contra Costa Times Editorial, "Richmond's Mortgage Seizure Plan Not Ready for Prime Time"
MBA and Coalition Partners Ask California's El Monte, Pomona, Orange Cove, La Puente, and San Joaquin to End Consideration of Eminent Domain Proposal
Brockton, Massachusetts Working Group Abandons Consideration of Eminent Domain Mortgage Seizure Proposal
Richmond, California City Council Approves "Advisory Services Agreement" for Advice on Mortgage Acquisition Process Through Eminent Domain
North Las Vegas City Council Hears Presentation on Eminent Domain Proposal
Richmond, California City Council Considers Eminent Domain Presentation and Decides to Study/Further Develop the Proposal
Brockton, Massachusetts Working Group on Eminent Domain Holds Meeting
California's San Bernardino County JPA Abandons Eminent Domain Mortgage Proposal
Politico, "Still no partner for radical mortgage resolution"
The Finance Committee of the Brockton, Massachusetts City Council Decides to Form Working Group to Evaluate Eminent Domain Proposal
Brockton, Massachusetts' City Council Considers Eminent Domain Plan Before its Standing Committee on Finance
Housing Subcommittee Staff Recommend Consideration of Eminent Domain Plan to Salinas, California's City Council Members
Wayne County, MI discusses potential use of eminent domain for underwater mortgages, but Michigan State law may prohibit this action
California's San Bernardino County, Ontario, and Fontana Cancel October JPA Meeting on Eminent Domain Proposal
Standard & Poor's, "Assessing the Potential Impact of Eminent Domain on Private-Label RMBS" (Subscription Needed)
Sacramento, CA Vice Mayor Ashby Reportedly Considering Eminent Domain Use for Underwater Mortgages
Councilmember Alarcon's Motion and Press Statement Requesting Consideration of Eminent Domain Proposal for the City of Los Angeles
MBA Endorses U.S. Rep. Campbell's (R-CA) "Defending American Taxpayers from Abusive Government Takings Act"
California Lt. Governor Newsom Calls for U.S. Justice Department Investigation of Eminent Domain Proposal Opposition
San Bernardino County Supervisor Rutherford Opposes Eminent Domain Plan
Chicago Mayor Emanuel Speaks Out Against Eminent Domain Use
Joint Committee of Chicago's City Council Approves Further Consideration of Eminent Domain Plan
FHFA Press Release and Federal Register Notice on Eminent Domain Plan
Berkeley City Council Recommends Eminent Domain Resolution proposed by Councilmember Worthington
Chicago City Council Aldermen Burke and Austin Call for Hearing on Eminent Domain Proposal in Resolution
Wall Street Journal, "White House Skeptical of Plan to Seize Mortgages by Eminent Domain"
New York Post, "Even White House, Geithner Reject Eminent Domain for Mortgages Nonsense"
San Bernardino County, Ontario, and Fontana Form Joint Exercise of Powers Agreement (JPA) for Eminent Domain Proposal in California
Arizona Introduces Eminent Domain Legislation for Underwater Mortgages