Loan Seizure Plan Decried by DoubleLine Sees New Life

Loan Seizure Plan Decried by DoubleLine Sees New Life

Andrew Harrer/Bloomberg

U.S. Representative Jeb Hensarling, a Republican from Texas, on July 11 proposed legislation in the House that would bar Fannie Mae, Freddie Mac and the Federal Housing Administration from backing mortgages in localities that use eminent domain to seize mortgages.