BarCap claims strategic default is overestimated
By admin on Feb 19, 2011 in Topics
Analysts at Barclays Capital believe many overestimate the amount of borrowers who strategically default on their mortgages.
Additionally, they said the trend of walking away from one’s mortgage obligations has been reversing in recent quarters.
Though there is no universal definition, borrowers are considered to have strategically defaulted when they stop making mortgage payments even though they [...]
