80 - Why Walkaway Defaults are Growing

The latest ABI podcast examines the growth in the 'walkaway' phenomena, as underwater home borrowers simply give up on paying their mortgage, even in so-called recourse states. Executive Director Sam Gerdano discusses the rise in 'strategic default' with California-based lender Richard Zahm and why it's here to stay.

Podcast Date: 
Tuesday, March 23, 2010