We have reviewed the comment letters filed with FHFA following its request for views on local efforts to use eminent domain to seize mortgage collateral. FHFA didn’t say what it wanted in its request, but the tone of its questions and the substance embedded in them leads us to conclude that FHFA is looking for a way to strangle this concept in its crib. Comments from the industry side will give FHFA the garrote.
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