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Loan Modification

: Mortgage Lender Implode-o-Meter

More homeowners are opting for 'strategic defaults'

By Implode-Explode Heavy Industries

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``Just how many are walking away isn't clear. But some researchers are convinced that the numbers are growing. So-called strategic defaults accounted for about 35% of defaults by U.S. homeowners in December 2009, up from 23% in March of 2009, according to Luigi Zingales, a professor at the University of Chicago's Booth School of Business''

Full post as published by Mortgage Lender Implode-o-Meter on March 18, 2010 (boomark / email).

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