The Washington Independent

Saturday, February 11th, 2012

Posts Tagged foreclosure pipeline

Freddie Mac Shames Strategic Defaulters, Asks Them to Reconsider

By | 05.10.10 | 8:57 am

On mortgage giant Freddie Mac’s blog, “Featured Perspectives,” executive Don Bisenius takes on strategic defaulters — underwater mortgage-holders (that is, homeowners who owe more on their mortgage than their home is worth, meaning that if they sell their house they will still owe the bank money) who chose to More…

Zombie Subdivisions and Shadow Inventories Hold Back Housing Recovery

By | 08.11.09 | 9:23 am

Via Michael Shedlock, The Atlanta Journal-Constitution reviews the growing problem of zombie subdivisions, those half-built developments you often see from a highway. Developers broke ground for these subdivisions near the end of the housing boom, and abandoned them when the mortgage crisis hit and financing dried up. Now More…