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Who is Freddie Mac to Strategic Defaulters? Well, I Have a Message for...
Who is Freddie Mac to strategic defaulters? Well, another mortgage banking-type, this time by the name of Donald Bisenius, Executive Vice President in charge of Freddie Mac’s Single Family Credit...
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What is Strategic Default? A Moral Dilemma?
Lately, the question is: what is a strategic defaults, or as the mortgage banking industry would call them “ruthless defaults”. These are foreclosures that happen on purpose. People find themselves...
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How to Strategic Default? Ask the MBA.
If you want to know how to strategic default, ask the MBA… Mortgage Banking Association. The CEO of the powerful Mortgage Bankers Association, John Courson, has said that underwater borrowers should...
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Fannie Mae Wants Consequences for Strategic Default
A few weeks ago, Fannie Mae issued an outright threat to homeowners in this country, creating a new rule that would punish anyone who stops paying their mortgage and walks away from their home,...
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