Offering aid to distressed borrowers

Steve Ozonian: man with a mortgage technology plan

The irony about the ongoing crisis in America’s residential real estate and mortgage markets is that it has attracted the altruistic and capitalistic in equal measure. People want to help others who are having financial difficulties and are in danger of losing their homes, while others look at the wave of foreclosures and defaults and see investment potential.

Although some may view this phenomenon in terms of positive and negative, I strongly believe it will take both of these truly American characteristics to clear away the housing problems that have bedeviled us for the past three years.

As such, I’m always attracted to the person who has a business concept that straddles both positions. They run healthy, forward-directed businesses while at the same time trying to address the social issues stemming from the housing fallout.