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Could upset the entire region's stability. now back to "on the record." w b" >> towns around the country are still feeling the pain, of course, from the housing bust, including california's san bernardino county with one of the nation's highest foreclosure rates. now they've come up with a plan to help homeowners. it would involve the county seizing the mortgages, but investors holding the current mortgages warn they think the plan could backfire. how would this work? >> well, the proposal is that this alliance of two cities would use eminent domain to condemn the mortgage notes held by privat...

Mortgages, renegotiate them at a lower mortgage and reduce the payments for homeowners. >> so, i mean, it sounds like it could work. i mean, isn't this what some people have said the banks should do more of? >> right. the argument that's advanced by the company proposing this, a san francisco investment company called mortgage resolution partners, is that just because of these agreements they're unable to renegotiate these mortgage notes. >> so do some people think this could hurt the homeowner? if so, how? >> right. it's being opposed by people in the financial industry, the association of mo...

Hearing by hiding more than $100,000 on line. the judge suggested that zimmerman might have taken the money and left the country. now back to "on the record." >> towns around the country are still feeling the pain, of course, from the housing bust, including california's san bernardino county with one of the nation's highest foreclosure rates. now they've come up with a plan to help homeowners. it would involve the county seizing the mortgages, but investors holding the current mortgages warn they think the plan could backfire. how would this work? >> well, the proposal is that this alliance o...

Mortgages, renegotiate them at a lower mortgage and reduce the payments for homeowners. >> so, i mean, it sounds like it could work. i mean, isn't this what some people have said the banks should do more of? >> right. the argument that's advanced by the company proposing this, a san francisco investment company called mortgage resolution partners, is that just because of these agreements they're unable to renegotiate these mortgage notes. >> so do some people think this could hurt the homeowner? if so, how? >> right. it's being opposed by people in the financial industry, the association of mo...