May 10, 2010

60 Minutes Special: Walking Away

The incidence of negative equity in properties is unmatched in history. 65% of residences in Nevada are drowning and the water continues to rise.  See the […]
May 6, 2010

Republicans Want to End Fannie and Freddie

On Wednesday, Republicans announced a plan to wind down bailed-out mortgage-financing giants, Fannie Mae and Freddie Mac.  This proposal has the potential to create some political […]
May 4, 2010

12 Percent of all Defaults are Strategic

U.S. homeowners are deciding to strategically default in greater numbers.  A homeowner strategically defaults by ceasing mortgage payments he could otherwise afford because the loan is […]
January 12, 2010

Strategic Default

Voluntary strategic defaults pose a new wave of defaults hitting the already battered housing market.  A strategic default is voluntary.  It occurs when the borrower decides […]