Relevant:
- (Saving...) Fannie Mae, Freddie Mac to go after more strategic defaulters
- Freddie Mac Has a Message for Strategic Defaulters? Yeah, Well I Have a Message for Freddie Mac.
- strategic default driven by future home prices, default costs
- Representatives Convey and Kaptur Call on Geithner, Fannie, FHFA to Stop Efforts to Pursue Strategic Defaulters
- Freddie and Fannie won't pay down your mortgage
2010-05-07 — wsj.com
Freddie Mac has a message for any homeowners who are thinking about are thinking about walking away from their homes even though they can afford to pay the mortgage: Please don’t do it.
The problem for mortgage investors like Freddie Mac is that most mortgages in the country are non-recourse loans. Borrowers can’t be held liable for the debt if they default.
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