Fannie Mae Cracks Down on Strategic Defaulters

United Wholesale Mortgage to offer Freddie Mac 97% LTV loans They now allow for cash-out refinances up to 85% on Freddie Mac. wholesale lender of non-QM loans, is actively recruiting account executives, operations, and credit staff to its Orange County.

 · This policy only applies to defaulters who have adequate income and other resources to pay the note – a process Fannie Mae calls “strategic defaulting.” On the face of it, this is pretty silly.

Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 November 19, 2014 by Stout Law Firm Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.

So another thing that happened while I was out of town was that Fannie Mae decided to get tough on "strategic defaulters"–people who default not because they can’t make their mortgage payments.

Flashback Commentary: Fannie Mae Cracks Down on Strategic Default. out of town was that Fannie Mae decided to get tough on "strategic defaulters"–people who default not because they can’t make.