Eminent-Domain Plan Puts RMBS At Risk

A proposed plan by some California municipalities to use eminent domain as a way to keep troubled borrowers in their homes would have a negative impact on private-label U.S. residential mortgage-backed securities, according to Fitch Ratings.

  • 16 Aug 2013

A proposed plan by some California municipalities to use eminent domain as a way to keep troubled borrowers in their homes would have a negative impact on private-label U.S. residential mortgage-backed securities, according to Fitch Ratings.

Click here to read the release from Fitch.

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