The Use of Eminent Domain in Mortgage Restructuring

The National Association of Home Builders (NAHB) supports adequate and affordable mortgage credit through all economic conditions;

Further, NAHB opposes the use of eminent domain to take mortgages from mortgage-backed securities or financial institution portfolios; and,

Further, NAHB opposes mortgage restructuring proposals that would significantly harm mortgage finance markets, reduce access to credit for borrowers, and prevent private capital from returning to the mortgage market.

Resolution originally adopted: 09/2012, Resolution Number 1

Committee with primary jurisdiction: Housing Finance

View full text of resolution.