Tag:
strategic defaults
Latest Headlines
Latest Headlines
More strategic defaults possible
There's been a lot said about moral hazard at the executive level, and how hard it is to end the sense that big banks will always be bailed out. Less has been said about moral hazard at the retail level.
More banks and servicers walk away from properties
You've heard a lot about strategic defaulters, who simply default on their mortgages--whether they can pay or not--and walk away, leaving the property to their lender. It turns out that lenders and
Banks grapple with strategic defaults on second homes
It would truly be a sad day for the banking industry when strategic defaults start to be seen a legitimate financial strategy. Such action is not generally against the law, but it has never been
Strategic defaults still rising
There's no doubt that we're seeing a rise in strategic defaults, even though there is little hard data to back it up. Anecdotal evidence is everywhere, however. You probably know some people who have
