Fannie Mae recently announced a change in policy regarding underwater homeowners who walk away from their mortgages. In this video, Foolish financial analyst Matt Koppenheffer reviews the new policy of not pursuing the delinquent homeowner and just taking the loss. Matt believes that, while this may rile some taxpayers, in the long run, it may be beneficial to the housing market and to neighborhood home values.
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Fannie's Thumbs-Up for Walk-Away Homeowners
Fannie Mae is set to give a pass to some underwater homeowners. Is this a smart move for the taxpayer-backed housing giant, or is there more to it than meets the eye?
Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.