Defining the American Dream

Some Interesting Findings From Recent FNMA Survey..

Posted on Monday, April 12, 2010

The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae.

The number of people who view homeownership as a safe investment declined from 83 percent in 2003 to 70 percent in 2009. In addition:

48 percent of those surveyed said banks should foreclose on people who don’t pay their mortgages.
53 percent blamed borrowers – instead of banks – for taking out bigger loans than they could afford.
15 percent of respondents said it is acceptable for borrowers who are underwater to walk away.

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