Dean Baker has a generally positive story out about the proposal in San Bernardino County, California to use eminent domain to condemn, write down and return to the owner a lower-cost mortgage that is no longer underwater. I have discussed with Rep. Brad Miller the concept of an eminent domain-based mortgage debt relief plan and [...]

We know that the US Department of Justice sued Deutsche Bank for lying about their mortgage deals to obtain FHA insurance. The information coming out about that is pretty astonishing, such as the stuffing of mortgage review documents in a closet. The government says that when an outside auditor showed MortgageIT its findings about serious [...]