FANNIE LAUNCHES INTERACTIVE VIDEO TO HELP BORROWERS AVOID FORECLOSURE

The Air Force uses visual flight simulators to train its pilots for the actual experience. Virtual reality simulation models are used to help people overcome their fears or uneasiness about certain real-life situations. Fannie Mae is applying this same idea to foreclosure prevention. The GSE has unveiled an interactive multi-media tool called WaysHome that allows homeowners to put themselves in real-life situations they can identify with, make financial choices, and immediately see the outcomes of those actions.

http://www.dsnews.com/articles/fannie-mae-launches-interactive-video-to-help-borrowers-avoid-foreclosure-2011-01-05

The interactive WaysHome video goes live on Thursday on Fannie Mae’s KnowYourOptions Web site and is free to use.

http://www.knowyouroptions.com/