It may not feel entertaining, but distressed homeowners now can watch government-backed videos where actors dramatize the ways that people try to avoid foreclosures. WaysHome is a new online program released Thursday by Fannie Mae, a federally controlled company that provides loan guarantees and funds for mortgage lenders. The videos [...]
The Federal Reserve concludes homeowners don’t quickly walk away from underwater properties. Even so, one in five defaults in recent years was by those who could pay the mortgage but choose not to do so.