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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