strategic defaults

• Exec Says Strategic Defaulters Can Be Good Mortgage Risks

  By David Morrison  |  March 6, 2013

  Founder of YouWalkAway.com says 100-point hit in credit score expectable but can be overcome by long positive payment histories.

• Strategic Default Firm Says Many Would Buy Again

  By David Morrison  |  March 4, 2013

  A firm which has specialized in helping consumers escape underwater mortgages is finding their former clients open to returning to the market again.

• Fannie and Freddie Float Principal Forgiveness for Some Borrowers

  By Heather Anderson  |  January 28, 2013

  Credit union trade groups reviewing the details; concern is whether strategic defaults would be encouraged.

• Strategic Default Firm Warns of Foreclosure Backlog

  By Heather Anderson  |  July 12, 2012

  YouWalkAway.com says housing crisis not over and won't be until foreclosures work their way through the market.

• Survey: Pending Expiration of Debt Relief Act Is Fueling Strategic Defaults

  By Heather Anderson  |  May 31, 2012

  Homeowners acting ahead of Dec. 31 deadline to avoid tax bills in short sales or foreclosure auctions.

• Around the CU World in 800 Words or Less

  By Sarah Snell Cooke  |  April 13, 2012

  Some thoughts on strategic defaults, remote deposit capture and even Greece.

• Trades Oppose Principal Forgiveness by FHFA

  By Heather Anderson  |  April 11, 2012

  NAFCU, ABA react to FHFA director comments about considering principal forgiveness for some underwater loans at Fannie Mae and Freddie Mac.

• NAFCU Still Pushing FHA on Strategic Default

  By David Morrison  |  March 27, 2012

  NAFCU is still lobbying to have the FHA lengthen the time consumers who strategically default on a mortgage loan have to wait to apply again.

• NAFCU Seeking Stronger Penalties for Strategic Defaults

  By David Morrison  |  February 28, 2012

  NAFCU wants the FHA to come down harder on consumers who walk away from a mortgage even though they would be able to make their payments.