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FICO Now Predicting Mortgage Walkaway Likelihood
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2011 Nov 19, 1:43am 1,095 views 0 comments
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http://www.burbed.com/2011/11/19/fico-now-predicting-mortgage-walkaway-likelihood/
Not only is FICO modeling the likelihood of strategic default, Moody's is bearish on jumbo mortgage securities. Half of all current jumbo mortgages are underwater.
It all leads to more pain coming.
#housing