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The phenomenon of strategic default has become a growing concern within the industry, but a new ""Market Insight Snapshot"" released by Experian Thursday suggests the percentage of mortgage defaults involving borrowers who decided to simply throw in the towel is trending downward. Since strategic defaults hit 20 percent of all mortgages 60-plus days delinquent in the fourth quarter of 2008, they've come in below that mark ever since, according to the study. By mid-2010, the share of intentional walk-aways was 17 percent.
Read More »Market ‘Snapshot’ Reveals Decline in Strategic Defaults
