Only time can tell which of the new loan solutions to the housing crisis will eventually succeed, but the search is still on. And at least one option introduced by Carpe Aquam Capital LLC of Marlton, N.J., has already earned the attention of policy makers and bankers alike.

The nonbank has introduced a new mortgage that banks, lenders and other financial guarantors can use to help underwater borrowers reduce their mortgage payments by up to 50% without offering a principal reduction.

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Authoritative analysis and perspective for every segment of the mortgage industry