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« Analytic Imperatives for a Post-Crisis World | Main | A New Approach to Credit Scoring »

04/29/2011

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The motivation for a strategic default may depend on how far a borrower is underwater.
Having a mortgage that’s twice as much as the value of a home could be somewhat discouraging.
The prospect of being stuck with a losing investment that may not reach a break-even point for 10 years or more may be enough motivation to take a walk.

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