Widespread principal reductions could save taxpayers $2.8 billion

Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac Guaranteed Rate: 3Q purchase volume up 10% from last year Caltabiano: Mortgage industry presents more opportunities. – Joe Caltabiano is one of the top producers at Guaranteed Rate, one of the nation’s largest privately held mortgage lenders. Caltabiano, who’s based in Chicago, has funded more than $2.5.