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Items Tagged with 'Mortgage Resolution Partners'

ARTICLES

Eminent domain survives Richmond City Council opposition

Brena Swanson
The Richmond City Council came within inches of terminating the city’s contract with Mortgage Resolution Partners to seize underwater mortgages through eminent domain.
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Eminent domain remains minor headwind as housing recovers

Home prices, government pushback favor investors
Christina Mlynski
Before investors begin to sound the alarm on the program’s issues, market analysts expect eminent domain to remain an outlier risk, which, if widespread, could impact valuations drastically — although the likelihood is very low.
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Good idea MRP skipped the Richmond eminent domain debate

Realtor's undeniable passion for his hometown wins hearts and minds
Jacob Gaffney
A scheduled eminent domain debate between Richmond-raised Realtor Jeff Wright and Stephen Gluckstern, chairman of Mortgage Resolution Partners, never happened. And that's probably a good thing.
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SIFMA, Chamber of Commerce jump into eminent domain fight

Groups file a supporting brief in Wells Fargo's case against Richmond
Christina Mlynski
"[We] recognize the significant challenges municipalities face in grappling with the fallout of the housing market and economic downturn, but this extraordinary abuse of municipal power is not the answer, or lawful," SIFMA said.
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Banks push harder to sideline Richmond eminent domain plan

Many of the targeted loans are not underwater
Christina Mlynski
Many of the borrowers targeted for eminent domain aid in Richmond, Calif., are not underwater and remain in performing mortgages, two US banks claimed in court records.
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Investors unite in eminent domain lawsuit

Players include big banks, investment groups, GSEs
Fannie Mae CEO Timothy Mayopoulos said the government-sponsored enterprise was also among plaintiffs in lawsuit.
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Richmond eminent domain plan rattles mortgage industry

Kerri Ann Panchuk
Mortgage industry takes aim at Richmond eminent domain plan.
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Lost in the desert

Proponents of eminent domain cause a political stir in North Las Vegas

The controversial proposal isn't dead, yet
Kerri Ann Panchuk
It’s easy to paint a picture of North Las Vegas in the mind of an outsider. The city’s official website offers visitors an image of a city surrounded by...
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Eminent domain strategy witnesses revival

HousingWire Staff
Steven Gluckstern, who’s spent more than a year pushing local governments to seize mortgages from bond trusts to cut balances and help homeowners, is renewing attempts...
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North Las Vegas eminent domain proposal faces pushback from homeowner

Kerri Ann Panchuk
A controversial eminent domain proposal rolled out in North Las Vegas, N.V., to help underwater homeowners with their mortgages is facing pushback from an unlikely party—a...
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