Should you keep paying your mortgage on a home that’s dwindling in value? No way, say an increasing number of underwater homeowners who are voluntarily choosing to “walk away” from their home loans, a practice known as “strategic default.” Jon Maddux, CEO of YouWalkAway.com, reports 10% more clients this year to his company, which advises […]
Fannie Mae Delinquency Rate Down
Fannie Mae Delinquency Rate Down The percentage of past due loans held by the nation’s largest mortgage financier has fallen. In its monthly summary report just released, Fannie Mae said the serious delinquency rate on single-family mortgages in its portfolio dropped to 5.47 percent in March, down 12 basis points from 5.59 percent in February. […]