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strategic default news items

Sunday, April 25, 2010

Articles Re Government Programs Contribute To Strategic Defaults

These Are Some Articles Discussing the Idea That Government Programs Actually Promote/Incentivise Strategic Defaults

Studies Show HAMP Promotes Strategic Default on Mortgages

Report shows strategic defaults increasing

Amherst Security - cited in the above articles reports to Govt committee in 12-09 that the single biggest housing problem is negative equity and Homeowners and Debt Obligations Investor Owners are aligned (guess who is unaligned)

This link talks about congressional testimony - key points...it evidences the disconnect between the servicer and the property owner - the flaw in govt programs and raises the question why?


Posted by Augustine Diji at 3:33 PM No comments:
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