Medication time, Mr. McMurphy

This is one of several vids PMI Mortgage Insurance has posted on YouTube as part of a new foreclosure prevention initiative.

"Selling your home at a loss" covers short sales, loan assumption, and deed in lieu of foreclosure. There's also info on loan modifications and workouts at a new dedicated Web site, HomeSafePMI.

The intent is laudable, although having posted $1.27 billion in losses the last two quarters, self-preservation is undoubtedly another motive.

Have to say the site rolled out by Radian Guaranty Inc. last month -- which provides customized workout arrangements based on a borrower's specific circumstances (see previous post) -- looks potentially more effective.

This video, with its calm narrator and elevator music, makes you feel like you're on sedatives. Maybe they're hoping it will help you calm down before you pick up the phone and call the HOPE NOW Alliance of loan servicers (at 1-888-995-4673) to discuss your situation.

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