Archives For: 2015 Fiscal Year omnibus bill

At MBA’s Urging, Federal Action Taken on Eminent Domain Mortgage Seizure Proposal

On December 17, the Mortgage Bankers Association (MBA) released an MBAlert discussing a provision in the Fiscal Year 2015 omnibus appropriations bill that bars HUD, FHA and Ginnie Mae from insuring, securitizing, or establishing a Federal guarantee for mortgage loans seized through eminent domain.

22 Dec 2014