MBA Eminent Domain Symposium
Industry Update: On October 12, the Mortgage Bankers Association (MBA) President and CEO David H. Stevens published a member letter highlighting the events and attendees of the Eminent Domain Symposium held in September. Safeguard's Founder and Chairman, Robert Klein appears briefly in a video that the MBA put out to nearly 700 TV stations nationwide. Please click on the member letter to read in its entirety.
On September 20, the Mortgage Bankers Association (MBA) presented a symposium in Washington, D.C. entitled Eminent Domain Symposium: Briefing on Mortgage Seizure Initiatives and Implications.
Following is the original overview of the symposium provided by the MBA. To view media coverage of the event, please click on the following links:
The Mortgage Bankers Association presents Eminent Domain Symposium: Briefing on Mortgage Seizure Initiatives and Implications on Thursday, Sept. 20 in Washington, D.C.
This half-day symposium on proposed use of eminent domain to seize mortgages is intended to educate key stakeholders, the media and the general public about legal challenges, investor perspectives and potential economic and consumer implications related to this issue.
The program will address constitutional and case law; the potential impact on capital markets; and an economic analysis of these proposals on local communities, the economy and the future affordability of mortgage credit.
Featured speakers include Rep. John Campbell, R-Calif., member of the House Financial Services Committee; Alfred Pollard, general counsel of the Federal Housing Finance Agency; MBA Chief Economist Jay Brinkmann; and MBA President and CEO David Stevens.
To view the online symposium notice, please click here.
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with more than 1,600 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.