Archive for September, 2009

Homeowners who ’strategically default’ on loans a growing problem

A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.

Reporting from Washington –
Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores?
Research using [...]

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