Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
682,150-7,865
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.91%0.02
Servicing

Calpers joins opposition, fights eminent domain in California

The list of people challenging eminent domain in Richmond, Calif., continues to grow, as public pension fund, California Public Employees’ Retirement System, joins other banks and investors in its opposition. 

Calpers holds about $11 billion in income-producing mortgage-backed securities and is worried that Richmond's plan will undermine the value of its holdings.

"We are sympathetic to homeowners but as fiduciaries our focus must be in the best interests of our members," Calpers spokesman Joe DeAnda told Reuters in the fund's first public statement on Richmond's plan. "We are watching the issue closely and have some concerns about the precedent this may set and the impact to investors."

Most Popular Articles

Latest Articles

loanDepot’s Frank Martell on building lifelong consumer relationships through technology 

In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a tantalizing conversation with Frank Martell, the president and CEO of loanDepot, to discuss the company’s profitability in the third quarter of 2024 and its Project North Star growth plan for 2025.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please