Tag Archives: strategic default

Fannie Mae threatens “strategic defaulters”

Fannie Mae recently announced that it plans to punish people who strategically default on their mortgages. ┬áThis announcement was met with skepticism by some housing and lending experts. It’s difficult to blame Fannie Mae for being nervous about people walking … Continue reading

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Strategic Default

Last night, on 60 Minutes, there was a segment about people strategically defaulting on their mortgages. Watch the video to gain some insight into why people are doing it, and how they struggled with deciding whether they should do it.

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