Relevant:
- Thousands of borrowers to get mortgage payments reduced
- 'Buy and Bail' Homeowners Get Past Mortgage Hurdles From Fannie, Freddie
- Straight Talk About the REST Report, Loan Modifications, Stopping Preventable Foreclosure and Scams
- Chase Home Loan Foreclosure Prevention After HAMP For Homeowners Considering Bankruptcy
- Principal Reduction vs. Easier Mortgage Refinancing
2013-09-04 — ocregister.com
``Bottom line: Homeowners can turn over the house keys and erase their debt -- even if they are still current on their payments. In the past, borrowers typically had to be delinquent before they could qualify for such help as a loan modification.
"We don't view it as 'walking away,'" Fannie Mae spokesman Andrew Wilson said, referring to a term used in the housing industry to describe homeowners who bail on their mortgages. "We view it as taking ... responsible action."''
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