Eminent domain plan roils RMBS market, analysts say

08/29/2013 | Housing Wire

The threat of the city of Richmond, Calif., using eminent domain to restructure certain mortgages is unsettling residential mortgage-backed securities markets, some analysts say. If it goes through, the plan could hurt future lending and activity in securitization markets, according to some ratings agencies. "We also believe these programs could further weigh on private investor confidence and appetite for private-label mortgage-backed securities going forward," Fitch Ratings directors said. Learn more at SIFMA's Eminent Domain Resource Center.

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