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Loan Modification

: The Truth About Mortgage.com

12 Percent of Mortgage Defaults in February Strategic

By scot184

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More homeowners are walking away from their mortgages (and their homes) voluntarily, according to a new report from Morgan Stanley. In February, the last month for which data was available, 12 percent of mortgage defaults were strategic, meaning they were for planned for and voluntary. That’s up from just four percent in mid-2007, per the study led [...]

Full post as published by The Truth About Mortgage.com on April 29, 2010 (boomark / email).

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