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Home » MRP Expands Eminent Domain Plan to Delinquent Loans, Takes Shots at Critics
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MRP Expands Eminent Domain Plan to Delinquent Loans, Takes Shots at Critics

September 14, 2012
In a reversal apparently targeted at reducing criticism of its plan, Mortgage Resolution Partners late last week announced that it would include delinquent mortgages in its eminent domain scheme. The firm also strongly defended its proposal in a comment letter sent to the Federal Housing Finance Agency. “After discussions with local governments across the country, MRP will expand the services it provides to cover all loans [in non-agency MBS], not just those that are current,” said Graham Williams, CEO of MRP. “This will enable local governments to acquire and resolve the greatest number of loans, helping the greatest number of homeowners.” The expansion was announced the same day comments were due...
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