Fannie Mae  has made policy changes that will penalize borrowers opting to strategically default. The changes are designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure.  

Defaulting borrowers who walkaway and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie Mae-backed mortgage loan for aseven-year period starting from the date of foreclosure. Borrowers who have extenuating circumstances may be eligible for new loan in a shorter timeframe.

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