Phoenix Arizona Real Estate PRIDE: June 2010 – ‘Strategic defaults’ can lock buyers out of market for 7 years By Inman News, Thursday, June 24, 2010. Fannie Mae says it will get tough on borrowers who engage in "strategic defaults," or walk away from a home that’s worth less than what’s owed on the mortgage even if they can afford to keep making their payments.
Fannie Mae gets tough on strategic defaulters (foreclosures. – Starting in October, Fannie Mae says, strategic defaulters will be disqualified for new Fannie Mae-backed loans for seven years after their foreclosures. Fannie also says it will go to court where it can to recoup outstanding mortgage debt from borrowers who strategically default.
Fannie Mae lashes out at strategic defaulters – Stout Law Firm – Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 November 19, 2014 by Stout Law Firm Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.
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LuxuryCondosMIA: Fannie Mae gets tough on strategic defaulters – Freddie Mac, which also buys mortgages, says it is examining Fannie Mae’s policy. To determine if a borrower is in default, Fannie examines whether the homeowner still has access to credit and is paying that debt and others. Cracking down on strategic defaulters is controversial.
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What will it take for homeowners to crack open the credit box’? – If the lid on the box had opened even a crack. low down-payment requirements have always been the marquee attraction, the average was 5 percent, slightly higher than earlier in the year, when it.
Fannie Mae Cracks Down on 'Strategic' Walk-Away Homeowners. – Fannie Mae Cracks Down on ‘Strategic’ Walk-Away Homeowners June 23, 2010 Staff 1 Comment Fannie Mae/Freddie Mac , foreclosures/mortgage relief Mortgage financing giant Fannie Mae said today it will punish homeowners who walk away from mortgage obligations – despite having the capacity to pay – or those who do not complete "a workout.
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Fannie Mae takes action against strategic defaults – Marketplace – Radke: How does Fannie Mae plan to crack down on "strategic defaults"?. They’ll also go after strategic defaulters for the money they owe in states where that’s allowed. A top executive.
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Buy and Bail’ Homeowners Get Past Fannie, Freddie Loan Hurdles – About 12 percent of residential-loan defaults in February were strategic, meaning homeowners decided. Freddie Mac and larger rival Fannie Mae cracked down on buy and bail in 2008 by banning in most.
REALTOR Magazine-Daily News-Fannie Mae Cracking Down on. – Daily Real Estate News | June 24, 2010 | Fannie Mae Cracking Down on Strategic Defaults Fannie Mae announced plans Wednesday to get tough with strategic defaults. fannie said that borrowers who default when they are able to pay won’t be able to get another fannie mae mortgage for seven years. The current wait is five years. While that might.
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