(Source: Business Insider) – A report from Fannie Mae found 27% of homeowners would consider walking away. The previous year only 15% would think of defaulting on a mortgage they could still afford.Morgan Stanley estimated 200,000 strategic defaults in 2009 or 12% of the total. (Please see the full story at “Walk away from your mortgage? Time to get ‘ruthless’ – CNN Money.)

Source: Business Insider

Jun. 9, 2011, 5:22 AM

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