By LUIGI ZINGALES Homeowners who walk away from their mortgages undermine our financial system. HULTON ARCHIVE/GETTY IMAGES Fortunately, debtors no longer face prison time, as they did in nineteenth-century London, but shouldn’t they...
Fannie Mae is boosting penalties for strategic defaulters by prohibiting them from getting a mortgage, backed by the company, for seven years from foreclosure date. Washington-based Fannie Mae (NYSE: FNM) says...
So Government mortgage giant Fannie Mae has just announced some interesting new mortgage underwriting guidelines in an April 14th bulletin to lenders. And among them is a tasty little tidbit...
Many investor have this concern. As an Investor I believe there are always options available for us. Here are some things that can be done: One assumption, some cash (probably several thousands at least) will...