Plan to use eminent domain to help housing keeps cropping up

06/4/2013 | Institutional Investor online

A number of jurisdictions have considered the controversial idea of using eminent domain to seize troubled mortgages in an effort to help the housing market. While Mortgage Resolution Partners continues to push the plan, financial industry experts continue to oppose it. "It's still the same bad idea, and still the same unconstitutional use of eminent domain, but the environment is a different place than it was last year," said Chris Killian, managing director and interim head of SIFMA's securitization group. Learn more at SIFMA's Eminent Domain Resource Center.

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