"It's increasingly a more important factor driving the foreclosure crisis," Moody's Mark Zandi...

|By:, SA News Editor

"It's increasingly a more important factor driving the foreclosure crisis," Moody's Mark Zandi says of the growing uptrend in walkaways, also known as strategic defaults and voluntary foreclosures. According to Citigroup's (C) mortgage unit, one in five borrowers who defaults is able to pay his mortgage.