DSNews The homepage of the servicing industry
After the city of Richmond, California, announced an unconventional plan to ward off foreclosures among underwater homeowners, several industry groups have called into question the constitutionality of the plan. The plan, which ""is fraught with negative economic consequences for the community,"" according to the ""Association of Mortgage Investors (AMI), is for the city to obtain the mortgage loans of underwater properties and help homeowners refinance at their homes' current value.
Read More »Industry Questions Legality of California City’s Eminent Domain Plan
