Paladin Strategic Partners has acquired a controlling interest in HomeSaver Mortgage Management LLC, an asset management company that uses private capital to acquire bank owned portfolios of troubled mortgages. "HomeSaver employs an aggressive and 'socially responsible' workout approach toward loan remediation," said Carl Webb, managing partner of Paladin. "We feel that HomeSaver has demonstrated what the nonbank private sector, unburdened by legacy assets, can do to achieve ultimate resolution of the residential mortgage nightmare." HomeSaver and its partners believe that the number of borrowers facing foreclosure will increase considerably over the next 12 months.
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