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Loan Modification

: The Truth About Mortgage.com

Fannie Mae to Punish Strategic Defaulters

By scot184

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Government mortgage financier Fannie Mae plans to make life harder for so-called strategic defaulters, or those who walk away despite having the capacity to make their mortgage payments. Those borrowers, along with those who fail to ?complete a workout alternative in good faith,? will be ineligible for a Fannie Mae-backed mortgage for seven years from the [...]

Full post as published by The Truth About Mortgage.com on June 23, 2010 (boomark / email).

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