One of the greatest challenges and concerns for the mortgage industry in the upcoming year is working with sub-prime borrowers who are or will shortly be in trouble with their mortgage.

There is no silver bullet that will fix this situation. Solutions will require application of Einstein’s admonition to ‘see the world anew’ to deal with this complex, multi-dimensional problem.

Key to success in dealing with at risk mortgages will be to look beyond a simple mathematical income/debt formula to aid these individuals and families, it is imperative to look at the whole person and whole family situation.

Last week I gave the keynote address to the AFCPE (Association of Financial Planners, Counselors and Education) in Tampa where I demonstrated a way to see the whole of the situation. You can download the handout notes at the link below if you would like to learn more.

Spherical,
Phil

Links:

• http://www.PhilLawson.com/afcpe.htm