Forget suggestions about what to do with your government rebate check; that is SO two months ago. Today’s timely marketing is all about mortgages and foreclosures. Even the New England Patriots are getting into the act by co-sponsoring (with the Federal Reserve Bank) a mortgage extravaganza at the ballpark.

Okay, so any way to fill up a stadium….but it’s actually kind of cool, the idea of bringing all parties together for what looks to be a genuine problem-solving session, not just a photo-op or a pity-party. Homeowners who have a troubled mortgage should bring income, expense, debt and mortgage documentation with them. Lenders and servicers will include Bank of America, Chase, Citigroup, Countrywide, EMC, Freddie Mac, GMAC Rescap, Home Loan Services, HSBC, Indy Mac, Litton, National City, Option One/American Home Mortgage, Saxon, Suntrust, Washington Mutual and Wells Fargo. Housing and credit counselors also will be on hand.

Perhaps if this accomplishes something there will be more. Maybe even with hot dogs and beer…..

This entry was posted on Friday, July 18th, 2008 at 2:00 pm and is filed under Daily Pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.