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Detailed text transcripts for TV channel - FOXNEWS - 20130912:17:16:00

One citys controversial plan to take over the under the water mortgages in richmond, california. the city voted to use imminent domain to buy mortgages from struggling homeowners to prevent foreclosures. there are fores of ripple affects. melissa francis is the host, and how does this work? >> it is a disaster. i talked to former folks in the congressional budget from fannie mae and freddie mac. they upon seize mortgages from banks for homes that are under water. and using imminent domain for th...
Water Mortgages Melissa Francis Ripple Affects Fannie Mae Freddie Mac Resolution Partners

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