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Mortgage strategic defaults significantly higher in areas with largest price declines

July 14, 2011


A recent Experian–Oliver Wyman strategic default study showed a significantly higher incidence of strategic defaults in California and Florida — both areas that suffered a high decline in home prices over the past few years. Strategic defaults in California were 32 times higher in the first two quarters of 2010 compared with 2005. Florida showed a similar trend, with strategic defaults 27 times higher in the first two quarters of 2010 compared with 2005.

Get the full complimentary Strategic Default Report

Source: Strategic Defaults in Mortgages: Q2 2011 Update



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