San Bernardino County and two of its cities abandoned a plan that would use eminent domain to seize troubled mortgages and write down debt for homeowners. via San Bernardino County abandons eminent domain mortgage plan - latimes.com. … [Read more...] about San Bernardino County abandons eminent domain mortgage plan
Inland Empire
Freddie Mac clears mortgage principal reduction in more states
Freddie Mac will allow mortgage servicers to apply federal taxpayer dollars to reduce principal or pay past due balances for struggling borrowers in all states that have designed such programs. "Effective immediately, (servicers) should participate in state (housing finance agency) modification assistance programs that permit (servicers) to apply funds as a partial principal … [Read more...] about Freddie Mac clears mortgage principal reduction in more states
San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities
The proposal also comes amidst broad frustration with the Obama administration, which has so far refused to offer a broad-based plan to bail out underwater borrowers, even as taxpayers have spent hundreds of billions of dollars to prop up banks. via San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities. … [Read more...] about San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities
SANBAG approves $44M for Ranchero interchange
Victor Valley motorists are closer to being able to get off Interstate 15 a little earlier, thanks to a decision by a regional transit authority. San Bernardino Associated Governments voted 24-0 on Wednesday to divert money from previously approved but now stalled regional transportation projects and send those funds to the long-awaited Ranchero interchange … [Read more...] about SANBAG approves $44M for Ranchero interchange
Everything You Need to Know About the High Desert Freeway
Via The Source, Metro has released a new-fangled interactive map for its High Desert Corridor freeway project--it has all the latest crowdsourcing capabilities and even allows users to blast their comments on the project to social media sites. The map also has layers that show users all the juicy planning details, like route variations and information on the cities the route … [Read more...] about Everything You Need to Know About the High Desert Freeway