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2. Bank walkaway - Wikipedia

   en.wikipedia.org/wiki/Bank_walkaway

   "More banks walking away from homes, adding to housing crisis". The Chicago Tribune . Mortgage Foreclosures: Additional Mortgage Servicer Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures , vol. GAO-11-93, Washington, D.C.: United States Government Accountability Office, November 15, 2010

3. Strategic default - Wikipedia

   en.wikipedia.org/wiki/Strategic_default

   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 ...

4. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   An estimated 8.8 million homeowners (nearly 10.8% of the total) have zero or negative equity as of March 2008, meaning their homes are worth less than their mortgage. This provides an incentive to "walk away" from the home, despite the credit rating impact. [35]

5. My wife and I are 57, live in California and recently ... - AOL

   www.aol.com/finance/wife-57-live-california...

   When you take out a mortgage, you commit to paying that loan back until its balance is whittled down to $0. This obligation exists whether your home is livable or not. This obligation exists ...

6. Here’s Who Will Benefit From Biden’s $7.4 Billion in Student ...

   www.aol.com/benefit-biden-7-4-billion-201045873.html

   $3.5 billion through income-driven-repayment plan adjustments Another $3.5 billion will be erased from the accounts of borrowers who benefit from the adjustments made to the income-driven ...

7. Student Loans: 3 Forgiveness Programs Are Going Away ... - AOL

   www.aol.com/student-loans-3-forgiveness-programs...

   To date, the loan forgiveness approved by the Biden-Harris government totals $136.6 billion in aid for 3.7 million American borrowers, according to the U.S. Department of Education (ED).Relate