Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The use of eminent domain by some local governments to force underwater mortgages from private-label mortgage backed securities to be restructured at a discount could harm mortgage markets, impose losses upon MBS investors and may not be legal, according to a letter from several mortgage associations.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.