| Jul 16, 2012 11:17AM em·i·nent do·main : Noun - "The right of a government or its agent to expropriate private property for public use, with payment of compensation." It is a dangerous combination: a law firm trying to get some publicity, a city that declared bankruptcy, and public opinion that a) is against mortgage banking, and b) doesn't really understand what this could mean. Recently California made headlines, and the mortgage industry & investors shutter, when eminent domain was discussed... Jul 16, 2012 3:05PM As was the case at the beginning of last week, Mortgage Rates moved slightly lower today, once again hitting new all-time lows . In a bit of a departure from the norm, it was domestic economic data (as opposed to European headlines) that did more to move bond markets into stronger territory today. MBS (the Mortgage-Backed Securities) that most directly influence mortgage rates, are part of the bond market, and when bonds are "stronger," it connotes rising prices and falling yields (meaning lower...
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