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Loan Modification

: The Truth About Mortgage.com

Strategic Default Accounted for 31 Percent of Foreclosures in First Quarter

By scot184

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Strategic default accounted for 31 percent of foreclosures during the first quarter of 2010, according to the Chicago Booth/Kellogg School Financial Trust Index. That’s up from 22 percent a year ago, and significantly higher than the 12 percent figure Morgan Stanley attributed to strategic default in February. The Kellogg School researchers believe part of the rise has [...]

Full post as published by The Truth About Mortgage.com on May 03, 2010 (boomark / email).

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