More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…

Jan 06

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More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…

We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…

Jan 05

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We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…

Dec 31

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Mortgage paperwork was a mess. Foreclosures were rampant. Homeowners went through months-long modifications, losing hope when it all fell through. The housing crisis was one of the major stories of the year. And as 2010 draws to a…

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