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A sweet deal, Fannie and Freddie launch a new program to allow certain underwater homeowners to...

A sweet deal, Fannie and Freddie launch a new program to allow certain underwater homeowners to walk away and face a so-called deed-in-lieu rather than foreclosure. "Extraordinarily generous," says University of MD's Phillip Swagel. "We're giving people an incentive to walk away right when the housing market is starting to right itself."
Comments (1)
  • J Mintzmyer
    , contributor
    Comments (3604) | Send Message
     
    Interesting. Great to see a quote from my international economics professor from last semester!!
    28 Jan 2013, 09:58 AM Reply Like
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