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Loan Modification

: Loan Modification & Home Loan News

Strategic defaults increasing

By Moe Bedard

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How widespread are strategic defaults? Laurie Goodman and her team at Amherst Mortgage Insight yesterday released a report that shows they are indeed on the rise and for reasons we might suspect: negative equity and a more borrower-friendly environment. The second reason should be kept in mind as we consider President Obama?s soon-to-be-announced plan to encourage [...]

Full post as published by Loan Modification & Home Loan News on March 29, 2010 (boomark / email).

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