On today's broadcast, we discuss an innovative alternative to writing-down "underwater" loans. With an unprecedented number of homes below market value, how do you keep homeowners motivated to keep their mortgage current? Today's guest, Frank Pallotta of the Loan Value Group, shares an innovative idea on how to do just that... and it is working. It is a refreshing "free market" alternative to what the Obama Adminisgtration is doing by pressuring FHFA to allow Fannie and Freddie to do.
Mortgage industry veteran, David Lykken, along with frequent guests, Alice Alvey, Andy Schell and Joe Farr provide up-to-the-minute information on interest rates, loan programs and "hot" industry news related to the mortgage industry. E-mail me topic you would like discussed on the program to DLykken@MortgageBankingSolutions.com
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