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State Net Capitol Journal: Feds Bolster State Efforts to Help Underwater Homeowners

Barely a month into President Barack Obama's presidency, his administration announced a major effort to help millions of underwater homeowners who owed more on their mortgages than their homes were worth refinance into lower interest rate mortgages. But the Home Affordable Refinance Program, or HARP...

Ballard Spahr LLP: FHFA Questions Use of Eminent Domain for Underwater Mortgages

By the Consumer Financial Services Group In response to threats from local governments in California and elsewhere to use eminent domain to acquire and restructure underwater mortgages, the Federal Housing Finance Agency (FHFA) has announced that it "has determined that action may be necessary...