If you think reform of the mortgage system which includes ridding the world of Fannie and Freddie is likely you might want to consider this. Fannie Mae said it will make a $10.2 billion dividend payment in September to the U.S. Treasury for its rescue aid. After that payment, which comes on the heels of […]
Archive for August 9th, 2013
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Does Option Theory Validate The Richmond Eminent Domain Plan
Posted by Tom Lindmark on August 9th, 2013
Matt Levine has an interesting take on the Richmond, California eminent domain spat. He uses the conventional model which is floating around of a $300,000 mortgage on a house worth $200,000 and asks the question, “What’s the mortgage worth.” If it’s $300,000 as the mortgage owners contend then assuming they can take it via eminent […]
