Everyday I meet with homeowners that are underwater on their mortgages. When speaking with them I discuss strategic default as a strategy for dealing with their money problems. As I explain it is an economic decision not a morale decision. It turns out the Mortgage Bankers Association recently decided to walk away from the mortgage on their headquarters building. Hello pot meet kettle!
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
|Mortgage Bankers Association Strategic Default|