MBA Chief Admonishes Underwater Homeowners Against Walking Away From Mortgage...

Mr. Courson, President of the Mortgage Bankers Association said about homeowners who walk away from their underwater homes, sticking the bank with the unpaid mortgage: "What about the message they will send to their family and their kids and their friends?" he asked, about a year before The Mortgage Bankers Association left their lenders holding the bag on about $30 million dollars they did not pay when they left their underwater HQ builing purchased at the height of the RE Boom in Wash DC.