Ron D’Vari, CEO of NewOak Capital,  proposed today that government guarantees of nonperforming mortgages be modified requiring borrowers’ giving up equity participation. The proposal, which is named Government Equity Modification (GEM), "is one of the most viable and timely answers to the current mortgage credit crisis,” according to D'Vari. 

NewOak Capital is an advisory, asset management, and capital markets firm based in New York specializing in distressed assets and mortgage credit.

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