 Opponents in Richmond countered that the plan would help only a small subsection of mortgage-holders, while two banks, Wells Fargo and Deutsche Bank, immediately filed lawsuits against the city.Arguing that it was an illegal use of eminent domain, the banks also warned that it would severely damage the U.S. mortgage industry by encouraging other municipalities to do the same.Other cities, including Newark, North Las Vegas, and Seattle were all said to be considering mortgage seizure, although only Richmond publicly pursued the plan.