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.
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The article Fannie's Thumbs-Up for Walk-Away Homeowners originally appeared on Fool.com.
Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. 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.
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