Monday, April 25, 2011

Fannie Launches Interactive Video to Help Borrowers Avoid Foreclosure

The Air Force uses visual flight simulators to train its pilots on proper procedures and prepare them for the actual experience. Virtual reality simulation models are used as therapeutic techniques to help people overcome their fears or uneasiness about certain real-life situations.

By personally interacting with a replicated environment, individuals become more at ease when they actually encounter the event and feel better prepared to make the right decisions. Fannie Mae is applying this same idea to foreclosure prevention.
Read the full article here