Relevant:
- borrowers with home equity loans much more likely to be underwater
- Strategic Default: Inconceivable Assumptions Suddenly Conceivable
- (Saving...) Fannie Mae, Freddie Mac to go after more strategic defaulters
- Many underwater homeowners are deliberately walking away from mortgages
- White House Wants to Expand Refis for Underwater Borrowers
2010-05-17 — marketwatch.com
" "Strategic defaults" are on the rise as more borrowers who are underwater on their home loans decide it's not worth it to stay current on their payments each month. That trend could have repercussions for the housing market, and for borrowers, in the future."
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