Thinking of a strategic default; Think Again! Fannie Mae says "Don't walk Away"

If you or someone you know is contemplating a strategic default; think again.  Fannie Mae now has "intensified penalties for those who strategically default" on their mortgages, stating:

"...defaulting borrowers who walk away 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 a period of seven years from the day of foreclosure."  read more...