Fannie Mae Cracks Down on Strategic Defaulters

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 homes.

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Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 by Stout law firm 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 homes. Cracking Down on Strategic Defaulters by.

Fannie Mae and Freddie Mac are likely to ramp up efforts to crack down on strategic defaulters, columnist Lew Sichelman reports. The two government-sponsored enterprises (GSEs) have already left.

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Fannie Mae cracks down on borrowers. Updated Jun 23, 2010, 3:23pm EDT. Fannie Mae is boosting penalties for strategic defaulters by prohibiting them from getting a mortgage, backed by the.

Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 by Stout Law firm 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 homes.

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Cracking Down on Strategic Defaulters by. Andrew M. Lieb, Esq. on. Wednesday, October 16, Fannie Mae and Freddie Mac are supposed to evaluate every defaulter’s ability to repay the past due amount on their mortgages. Even after foreclosure, these two government-sponsored enterprises and.

Fannie Mae to Charge Strategic Defaulters, for Everything.. Fannie Mae Cracks Down on Strategic Defaulters. Fannie Mae to retroactively charge mortgage servicers for foreclosure delays.

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‘Strategic defaults’ can lock buyers out of market for 7 years By Inman News, Thursday, June 24, 2010. Fannie Mae says it will get tough on borrowers who engage in "strategic defaults," or walk away from a home that’s worth less than what’s owed on the mortgage even if they can afford to keep making their payments.

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The government does not want homes going back to Fannie Mae and Freddie Mac. bad apples who have created a large problem for everyone. The people who do strategic defaults never had any hard equity.