Studies Show HAMP Promotes Strategic Default on Mortgages

Many mortgage lenders and mortgage servicers do participate in HAMP and similar loan modification programs. Strategic Mortgage Default.. and a bachelor’s degree in interdisciplinary studies.

A strategic default is a calculated decision to stop paying your mortgage, even though you can afford it. This usually isn’t an alternative to foreclosure, as your lender won’t let you keep the house if you don’t make your payments. But if the property is a second home – so you’re at no risk of becoming homeless if.

Studies by the Office of the Comptroller of the Currency (OCC) have found that homeowners in HAMP consistently exhibit lower delinquency and re-default rates than those in private industry modifications. The OCC has found that HAMP’s lower re-default rates "reflect HAMP’s emphasis on the affordability of monthly payments relative to the.

Studies Show HAMP Promotes Strategic Default on Mortgages Oklahoma AG working toward own deal in foreclosure settlement Jon Prior was a reporter with HousingWire through late 2012.

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We document increased ruthlessness of mortgage default option exercise over the financial crisis and beyond. For a given level of negative equity, borrower propensity to default rose markedly over the 2007 – 2012 period and among hard-hit metropolitan areas. We show that elevated default option exercise was

Studies Show HAMP Promotes Strategic Default on Mortgages Posted on March 27, 2010 by Stout Law Firm The current state of the mortgage market is promoting owner-occupants to default, according to research released today, in an indication of the growing moral hazard behind government-led homeowner rescue programs claims an article in Housing Wire.

Strategic Default: A deliberate default by a borrower. As the name implies, a strategic default is done as a financial strategy and not involuntarily. Strategic defaults are commonly employed by.

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