October 2009   |   Issue 3 Blog
Credit Cornerstone Weekly Credit Trends and Data Intelligence
Are strategic defaulters taking over your loan modification programs?
October 29, 2009

In a recent survey jointly conducted by Experian and Oliver Wyman, 52 percent of lenders stated that strategic defaulters posed an immediate risk to their business. Strategic defaulters are consumers who willingly default on a loan once the value of their home is underwater. These consumers are likely to take advantage of loan modification programs and have a high propensity to redefault. Lenders should consider developing different loan modification offers and sequences to screen out strategic defaulters. 

Interested in more?
View the archived Webinar presentation
"Understanding strategic default in mortgage: Experian-Oliver Wyman Market Intelligence Reports" was presented in
August 2009.

Source: Webinar survey, "Understanding strategic default in mortgage: Experian–Oliver Wyman Market Intelligence Reports"

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