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Mortgage Mod Legal Network Taps Former Fed Governor as Advisor

""Mortgage Modification Legal Network"":http://www.wesavehomes.com (MMLN), also known as ""WeSaveHomes.com"":http://www.WeSaveHomes.com, has appointed former Federal Reserve Governor Dr. Wayne Angell to its board of advisors.
MMLN, a national loan modification and loss mitigation servicing firm headquartered in Laguna Niguel, California, said the global recession has made it imperative for financial service companies to ""assemble great minds to provide solutions for homeowners, lenders, and the governments, together affecting positive momentum for the economy."" The company said its appointment of Dr. Angell demonstrates MMLN's commitment to providing a long-term resolution to the current housing crisis.
From February of 1986 to February of 1994, Dr. Angell served as a member of the board of governors at the Federal Reserve. He was chair of the board's Committee on Federal Reserve Bank Activities and chair of the G-10 Committee on Payment and Settlement Systems in Basle, Switzerland. Dr. Angell is also known for his monetary policy forecasting, interest rate, bond market, equity market, and currency futures.
Commenting on what helped set the current crisis in motion, Dr. Angell said, ""Our economy is in recession because of a monetary policy mistake by the Alan Greenspan-led Fed. This coupled with a congressional mandate to enable a host of Americans to borrow money set off an unsustainable boom in home prices. Adding these new entrants to the existing group of home buyers contributed to the monetary mistake.""
MMLN explained that its solution starts with a business model that points to price discovery first, and is easily embraced by homeowners, lenders, and the federal government on both sides of the aisle. In the end, MMLN said it helps the homeowner in need with a variable cost solution, while retaining integrity for investors.
Dr. Angell added, ""MMLN and We Save Homes, Inc. could be the solution to price discovery in the housing markets, the underlying problem of the current credit markets that continues to hinder the U.S. and global economies.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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