FICO Now Predicting Mortgage Walkaway Likelihood

Burbed reports:

Owe more than your house is worth? Is your credit otherwise good? Do you have few credit cards but pay them on time?

Congrats. You’re a likely candidate for strategic default, according to FICO (formerly Fair, Isaac), the company synonymous with credit scoring. And now Moody’s took a look at the mortgage market and said the most likely homeloaner to default is sitting on an upside down jumbo mortgage.