mortgage crisis

County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.

Homeowner Bill Of Rights For 'Flawed System'

Jul 12, 2012

Copyright 2018 NPR. To see more, visit