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Mortgage Walk Away

New Tool For Underwater Borrowers

Loren Berlin | Posted 03.19.2012 | Money

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...

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

Nicholas Carroll | Posted 05.25.2011 | Business
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...

A Mortgage Isn't a Life Sentence

Dylan Ratigan | Posted 05.25.2011 | Business
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.

Walking Away: My Story

Zannah P. Becker | Posted 05.25.2011 | Business
Zannah P. Becker

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

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

Dory Rand | Posted 05.25.2011 | Chicago
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.

Shahien Nasiripour

Taxpayer-Owned Fannie Mae Attacks Struggling Homeowners | Shahien Nasiripour | Posted 06.23.2010 | Business

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

Shahien Nasiripour

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Shahien Nasiripour

Watchdog: Obama Foreclosure Program Is Likely To Be A Failure | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Shahien Nasiripour

JPMorgan Chase Warns Investors About Underwater Homeowners Walking Away | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Shahien Nasiripour

Housing Woes To Continue, More Losses Coming | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Shahien Nasiripour

Don't Look Back: Major Players Continue To 'Walk Away' From Poor Mortgages | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Shahien Nasiripour

State Regulators: Foreclosure Prevention Efforts Are Failing Because They Don't Reduce Principal | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Roger Lowenstein: The Case For Walking Away From Your Mortgage

New York Times Magazine | Roger Lowenstein | Posted 05.25.2011 | Business

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...