Homeowners View Defaulting on Their Mortgages More Favorably if They Know Someone Who Has
April 8, 2010
Americans are less inclined to view homeownership through rose-colored glasses after the 2008 collapse in the real estate market, according to a consumer survey released this week by Fannie Mae. And while many believe it is wrong to stop making their mortgage payments if they are underwater, pollsters found that homeowners who know someone who has already defaulted are twice as likely to...