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Strategic Defaults Remain High, but Relief May Be in Sight
June 22, 2010
(Comtex, Comtex) -- COSTA MESA, Calif. and NEW YORK, June 28, 2010 /PRNewswire via COMTEX/ ----According to updated findings from Experian and Oliver Wyman, strategic defaulters, who are defined as remaining delinquent for six months after the initial date of delinquency, continued as a high percentage of all mortgage delinquencies at 19 percent in the second quarter of 2009. While, overall, the broad trends observed in the first Experian-Oliver Wyman Market Intelligence Report on Strategic Defaults have continued into 2009, there is reason to believe the phenomenon may have peaked, or be close to peaking. Read more...
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