The Use of Eminent Domain in Mortgage Restructuring
Resolves that the National Association of Home Builders (NAHB) supports adequate and affordable mortgage credit through all economic conditions;
Further resolves that NAHB opposes the use of eminent domain to take mortgages from mortgage-backed securities or financial institution portfolios; and,
Further resolves that 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: 2012.9, Resolution No. 1Committee with primary jurisdiction:
- Housing Finance Committee