Eminent Domain Would Boost RMBS Risk

The use of eminent domain by San Bernardino County, Calif., to seize underwater mortgages could have a negative impact on the performance of private-label residential mortgage-backed securities, according to Fitch Ratings.

  • 09 Jul 2012
The use of eminent domain by San Bernardino County, Calif., to seize underwater mortgages could have a negative impact on the performance of private-label residential mortgage-backed securities, according to Fitch Ratings. Fitch noted, however, that likely legal challenges to using eminent domain “may make movement towards it slow ...

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2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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