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Moody’s warns of jumbo mortgage strategic defaults

Even with the risk of default gone, Moody’s said lawmakers need to take additional steps — and keep to their promises. The second round of spending cuts included in the debt ceiling deal need to be.

The warning counters the argument that. Steven Hess, lead analyst for the U.S. at Moody’s, said in a statement to CNNMoney that it is unlikely Moody’s will downgrade unless the U.S. defaults on its.

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In a study released Oct. 31, the ratings agency Moody’s said that based on its analysis of mortgage-backed bond portfolios, homeowners with jumbos now constitute "greater strategic default risk.

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Moody’s warns of jumbo mortgage strategic defaults FHA policy transparency fuels Ginnie Mae modernization In a previous interview with ConsumerAffairs, Seldin said the college abacus tool. which says that beginning October 1 it is expanding upon its Price Match Policy by increasing its online usability.Jumbo mortgages may be next in line to default. but who now are the most likely to opt for a.

At a press conference accompanying release of the results from its fourth quarter 2011 national Delinquency Study (NDS), the Mortgage Banker. Asked about strategic defaults, Brinkmann said where.

About 12 percent of all mortgage defaults in February were "strategic," up from 4 percent in mid-2007, New York-based Morgan Stanley analysts led by Vishwanath Tirupattur wrote in a report today. Borrowers are more likely to stop paying their mortgages the higher their credit scores and the larger their loans, the analysts said.

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