Posts Tagged ‘the municipal plan’

Hartford Beats Out Newark for Most Underwater Mortgages… What to Do, What to Do?

Written on 3 Jun, 2014 at 19:20

However, as it turns out, Newark's housing market isn't in the worst shape of any U.S. city. To visit the city with that distinction, you need to head north from Newark about 125 miles... and when you get to... (Continue reading)

BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight Foreclosures”“First Domino Falls

Written on 30 May, 2014 at 20:17

The program would allow homeowners trapped in certain type of mortgage, known as a Private Label Security or PLS Loans, to voluntarily participate in a program where the City purchases these mortgages from investors and repackages them at terms homeowners... (Continue reading)

Mortgage Resolution Partners’ Chairman, Steven Gluckstern Says Eminent Domain Plan will Go Forward – A Mandelman Matters Podcast

Written on 24 Apr, 2014 at 22:14

Steven Gluckstern is the Executive Chairman of Mortgage Resolution Partners ("MRP"), the company that has been advising cities and municipalities all over the country, and most notably Richmond, California, in their use of eminent domain to take over underwater loans... (Continue reading)

Tagged with: #eminentdomain #mandelmanmatterspodcast ASF Executive Director Tom Deutsch bank of america citibank Cornell law professor Robert Hockett diana olick economic recovery eminent domain and underwater mortgages Fannie Mae foreclosure crisis foreclosures Freddie Mac HAMP jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing Mortgage Resolution Partners NACA podcast Richmond California eminent domain Steven Gluckstern Executive Chairman of Mortgage Resolution Partners the municipal plan trial modifications wells fargo bank