Decline in Strategic Defaults

The phenomenon of strategic default has become a growing concern for the industry, but a new “Market Insight Snapshot” released by Experian Thursday suggests the percentage of mortgage defaults involving borrowers who decided to simply throw in the towel is trending down. Strategic defaults in the U.S. peaked during the fourth quarter of 2008, accounting …

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Experian Says Phenomenon of “Strategic Defaults” May Have Peaked

A new study released Monday by data service provider Experian finds that nearly 1 in 5 mortgage delinquencies during the second quarter of 2009, or 19 percent, was the result of a borrower intentionally, strategically defaulting. The company called the share of walk-aways “high,” but said “there is reason to believe the phenomenon may have …

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