Bank of America
May 10, 2008
In mortgage meltdown, walkaway homeowners may be suburban myth
“Lenders have an interest in painting themselves as responsible, even caring entities. They want to cast blame for the sub-prime meltdown as much as possible on their borrowers.”
Bankers and housing market analysts are warning of a chilling new trend in the mortgage world: Homeowners voluntarily defaulting on their loans even though they can actually afford to make the payments. via Los Angeles Times
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