Search results
Results from the WOW.Com Content Network
A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the ...
A new study sheds additional light on the issue of "strategic defaults" in America, offering further insights into homeowners who are statistically more likely to make a calculated decision to ...
For premium support please call: 800-290-4726 more ways to reach us
During his Ph.D. studies, Riddiough worked as James Graaskamp's research assistant. In his Ph.D. dissertation published in 1991, Riddiough coined the term 'trigger event', which is used to indicate mortgage default outcomes that are the result of a low house price combined with an income interruption event such as job loss or severe illness. [6]
YouWalkAway.com, also known as You Walk Away, was a company that helped homeowners facing foreclosure through strategic default. YouWalkAway was based in San Diego, California. [1] [2] [3] Jonathan Maddux and Chad Ruyle formed YouWalkAway.com in 2007.
For premium support please call: 800-290-4726
For premium support please call: 800-290-4726 more ways to reach us
Howard Hubler III, known as Howie Hubler, is an American former Morgan Stanley bond trader who is best known for his role in the fifth largest trading loss in history.He made a successful short trade in risky subprime mortgages in the U.S., but to fund his trade he sold insurance on AAA-rated mortgage-backed collateralized debt obligations that market analysts considered less risky, but also ...