Owed More Than Their Houses Were Worth | featured news

Welcome to Wopular's coverage of Owed More Than Their Houses Were Worth. Wopular aggregates news headlines from the top newspapers and news sources. To the right are articles about Owed More Than Their Houses Were Worth that have been featured on main sections of the site.

Below are topics about Owed More Than Their Houses Were Worth. (Click on "all" to view all articles related to the topic, including articles NOT about Owed More Than Their Houses Were Worth.

Click here to search news sites, aggregators, and blogs as well as videos, photos, and websites about Owed More Than Their Houses Were Worth.

Bookmark or Share

Owed More Than Their H... Topics

"Strategic" Mortgage Default: Why It's Not Unethical

Last month a study from the credit reporting agency Experian and consulting outfit Oliver Wyman estimated that close to a fifth of troubled mortgages involved borrowers who were "strategically" defaulting--walking away from mortgages they could pay but decided not to because they owed more than their houses were worth. Self-assigned guardians of financial ethics see the willingness of borrowers to abandon their mortgage debts as a sign of the "erosion of social and moral standards." The aim of these critics is to shame debtors into sticking with their mortgages.

 

Subscribe to this RSS topic: Syndicate content