Home Loans

Fannie Mae to Charge Strategic Defaulters, for Everything

Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their.

Fannie Mae to Charge Strategic Defaulters, for Everything by JON PRIOR Friday, June 25th, 2010, 4:06 pm Fannie Mae (FNM: 0.3871 +1.87%) is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.

Fannie Mae to Charge Strategic Defaulters, for Everything. Fannie Mae to Charge Strategic Defaulters, for Everything. I have blogged/shared this before, I will keep sharing it! Furthermore anyone who takes all the appliances, cabinets, toilets, etc from their short sale/foreclosed home should also be punished.

A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a. to quit (which can be as little as three days) and may even agree to pay a fee to leave the home in pristine condition.. agencies will be denied until 3 (FHA) to 7 years (FNMA) have passed since the actual date of foreclosure.

Difference Between FannieMae, FreddieMac and FHA On the morning of Feb. 11, 2011, Treasury secretary timothy geithner gave a speech at the Brookings Institution near DuPont Circle in Washington, D.C., addressing the future of Fannie Mae and Freddie.

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