Wealthy Walk Away From Mortgages

Wealthy Walk Away From Mortgages
It’s been said only the good die young; and now apparently only the middle class pay mortgages.
Read more on FOX Business

Why the Rich Are Most Likely to Default on Mortgages
Wealthy U.S. homeowners are now the most likely to default on their mortgages, the New York Times reports . This upends the long-held assumption that the widespread defaults that contributed to the 2007 mortgage crisis were owned by low-income or minority homeowners. Here’s what writers and experts are concluding from this surprising story. Rich ‘Dumping’ Underwater Mortgages   The New York …
Read more on The Atlantic Wire