Mortgage Walk Away

New Tool For Underwater Borrowers

Loren Berlin | Posted 03.19.2012

Read More: Mortgages, Housing Market, Subprime Mortgages, Mortgage Walk Away, Mortgage Calculator, Calculator, Walk Away From Mortgage, Housing Crisis, Underwater Mortgages, Money News

Do you owe more on your mortgage than your home is worth? If so, you are not alone. Nearly one out of every four Americans who has a mortgage is trapp...

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Shifting the Focus From "Strategic Default" to "Prudent Walkaway"

Nicholas Carroll | Posted 05.25.2011

Read More: Layoffs, Mortgage Crisis, Foreclosure, Strategic Defaults, Personal Finance, Mortgage Walk Away, Eviction, Business News
Nicholas Carroll

A "strategic default" currently means walking away from an underwater home even though the owner could afford to pay the mortgage. However, this repre...

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A Mortgage Isn't a Life Sentence

Dylan Ratigan | Posted 05.25.2011

Read More: Mortgage Walk Away, Walk Away, Mortgage Crisis, Dylan Ratigan, Walk Away From Mortgage, Business News
Dylan Ratigan

Yesterday I spoke to someone who walked away from his mortgage, his home, and his $120,000 down payment after wrestling with the bank for months. The discussion was powerful and also hopeful.

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Walking Away: My Story

Zannah P. Becker | Posted 05.25.2011

Read More: Mortgages, Chase, Mortgage Walk Away, Walk Away, Mortgage Crisis, Walk Away From Mortgage, Business News
Zannah P. Becker

To me the differences in walking away from a mortgage and paying off credit debt are quite clear.

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Thousands of Servicer Walkaways, Unregistered Vacant Homes May Be Costing Chicago $36M

Dory Rand | Posted 05.25.2011

Read More: Deutsche Bank, Bank of America, JPMorgan Chase, Foreclosure Crisis, Foreclosure, Loan Modifications, Vacant Houses, Wells Fargo, Mortgage Walk Away, Chicago News
Dory Rand

The top mortgage servicers and trustees associated with the likely abandoned foreclosures in Chicago include Bank of America, Wells Fargo, U.S. Bank, Deutsche Bank, and JP Morgan Chase.

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Shahien Nasiripour

Taxpayer-Owned Fannie Mae Attacks Struggling Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 06.23.2010

Read More: Foreclosure Crisis, The Financial Fix, Loan Modifications, Mortgage Modification, Mortgage Walk Away, Financial Crisis, Fannie Mae, Obama Administration, Strategic Defaults, Business News

Taxpayer-owned mortgage giant Fannie Mae is targeting families by going after struggling homeowners who strategically default on their mortgage, the f...

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Shahien Nasiripour

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, Laurie Goodman, Elizabeth Warren, Mortgage Walk Away, Backdoor Bailout, Underwater Mortgages, Richard Neiman, Financial Crisis, Congressional Oversight Panel, Negative Equity, Video, Business News

More than three-quarters of homeowners who have had their monthly mortgage payments reduced under the Obama administration's primary foreclosure-preve...

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Shahien Nasiripour

Watchdog: Obama Foreclosure Program Is Likely To Be A Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Loan Modification, Mortgage Modifications, Making Home Affordable, Mortgage Walk Away, Mha, Neil Barofsky, Obama Administration, Inspector General, Hamp, Foreclosure Crisis, Home Affordable Modification Program, Financial Crisis, Strategic Defaults, Sigtarp, Ig, Video, Business News

The Obama administration's signature foreclosure-prevention program is likely to be a failure and has not done enough to help struggling homeowners wh...

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Shahien Nasiripour

JPMorgan Chase Warns Investors About Underwater Homeowners Walking Away

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, The Financial Fix, Mortgage Modification, Making Home Affordable, Mortgage Walk Away, Mortgage Crisis, Underwater Mortgages, Hamp, Loan Modifications, Financial Crisis, Strategic Defaults, Walking-Away-From-Mortgage, Business News

The nation's second-biggest bank is warning investors that underwater homeowners may walk away from their mortgages. In a Monday filing with the Secu...

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Shahien Nasiripour

Housing Woes To Continue, More Losses Coming

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Patrick-Newport, Mortgage Walk Away, Ihs-Global-Insight, Jamie Dimon, Home Equity, Mortgage Crisis, Bank Losses, Mortgages, Foreclosure Crisis, Homeownership, First American CoreLogic, JPMorgan Chase, Underwater, Financial Crisis, Housing Crisis, Strategic Defaults, Subprime, Realtytrac, Business News

The nation's second-largest bank expects the number of delinquent home loans to skyrocket over the next year, echoing analysts' expectations of a gloo...

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Shahien Nasiripour

Don't Look Back: Major Players Continue To 'Walk Away' From Poor Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Morgan Stanley, Foreclosures, Mortgages, Hamp, Making Home Affordable, Stuyvesant Town, Mortgage Walk Away, Financial Crisis, Walk-Away-From-Mortgage, Walk Away, Business News

As underwater homeowners around the country despair over whether to keep paying their mortgages or just walk away, investors in the largest residentia...

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Shahien Nasiripour

State Regulators: Foreclosure Prevention Efforts Are Failing Because They Don't Reduce Principal

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosures, Foreclosure Crisis, Mortgage Modifications, Making Home Affordable, Mortgage Walk Away, Naag, Hamp, Unemployment, Csbs, Loan Modifications, State Attorneys General, Bailout, State Banking Supervisors, Financial Crisis, Subprime, Principal Reductions, Video, Business News

*This story has been updated* Lackluster foreclosure-prevention efforts and the dearth of principal reductions risk plunging more homeowners into for...

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Roger Lowenstein: The Case For Walking Away From Your Mortgage

New York Times Magazine | Roger Lowenstein | Posted 05.25.2011

Read More: Mortgage Default, Mortgage, Default, Foreclosure, Mortgage Walk Away, Walk Away, Business News

John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mor...

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