North Las Vegas Sued Over Plan To Seize Home Mortgages


North Las Vegas Sued Over Plan To Seize Home Mortgages

A plan to leverage the city of North Las Vegas’ power of eminent domain to seize underwater mortgages and sell them back to homeowners at a lower price is seen as a financial lifeline for some desperate residents. But a federal lawsuit filed Friday aga…

Minnesota: Counties sue Fannie Mae, Freddie Mac

The Hennepin County attorney's office has filed a federal lawsuit against mortgage giants Fannie Mae and Freddie Mac, claiming the companies illegally failed to pay required taxes on home sales.