Fannie Mae has recently completed a study of consumer attitudes towards mortgage defaults and home ownership and the results are surprising.

his is the first large scale study conducted by Fannie Mae in the last seven years. Although consumer belief that home ownership is a safe investment has dropped, currently 73% of respondents believe home prices have bottomed out.

The most interesting results are how people feel regarding who is “responsible” for “bad” mortgages and attitudes towards personal decisions to walk-away from home loans.

Finally, there is some expectation that another wave of foreclosures are on the horizon as 30 day delinquencies are up and these will no doubt need to be worked through the system before a sustainable improvement can be realized in the housing market.

By Published On: April 7, 2010Categories: Maine Real Estate, Personal Finance, VideoTags:

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About the Author: Michael

Michael, along with his wife Laura, is co-owner of Maine Home Connection, an independent real estate company located in Portland. Maine. Together they started the brokerage from scratch with a new vision of what a company could look like if it focused completely on the needs of our clients and our agents.

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