Relevant:
- Federal Housing Agency Threatens Municipalities on Mortgage Eminent Domain
- Eminent Domain Part 3 with Cornell Law's Professor Robert Hockett -- A Mandelman Matters Podcast - Mandelman Matters
- Judge Dismisses Cleveland's Suit Against Subprime Lenders
- Judge dismisses Plymouth County mortgage recording lawsuit
- Pimco, BlackRock Seek to Bar California Mortgage Seizures
2013-09-18 — forbes.com
``The banks argued -- as did Bank of New York in a separate case before Judge Breyer -- that the city was threatening to take their property without just compensation by seizing mortgages at a "market value" that was arbitrarily low. The foreclosure-reduction scheme, as designed by Cornell Law School professor Robert Hockett and Mortgage Resolution Partners, a financial advisory firm, depends upon seizing the mortgages at a lower price than the properties can subsequently be refinanced.''
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