Hope Now Alliance

Hope Now Alliance

An organization created to respond to distressed homeowners in the United States. The Hope Now Alliance consists of investors in mortgage-backed securities, mortgage lenders, agencies of the U.S. government, and other organizations. It created an 800-number to provide free financial counseling to callers. Counselors advise on the options available to callers, including modified payment plans and loss mitigation. The Hope Now Alliance was established in 2007.
References in periodicals archive ?
Recipients and the amount of their grants are: -- HOPE NOW Alliance, $6.
The largest share of the funds will be administered through the HOPE NOW Alliance in grants totaling more than $6 million.
The private-sector, government-approved HOPE NOW alliance announced in early March that its members have helped facilitate more than 1 million loan workouts since July 2007, permitting homeowners to stay in their homes.
All six servicers are part of the HOPE NOW Alliance, which includes 25 servicers across the nation.
As part of the "Bringing HOPE Home" campaign, the HOPE NOW Alliance is hosting outreach events in several cities to provide homeowners the opportunity to meet with their mortgage lender and local counselors face-to-face.
Given the less-than-stellar performance of the mortgage finance industry of late, one might see it as a promising sign that the person tapped to head the privately sponsored, government-approved HOPE NOW alliance, Washington, D.
Chicago -- Half of all borrowers who go into foreclosure don't speak to their lender beforehand, HOPE NOW Alliance Executive Director Faith Schwartz told the AICPA National Conference on for Credit Unions breakout session attendees here.
The article by Dona DeZube interviews some of the key figures behind the HOPE NOW Alliance.
WASHINGTON -- Ten California mortgage lenders have teamed up with NeighborWorks([R]) America and the HOPE NOW Alliance for the nation's first series of HOPE NOW Homeownership Preservation Forums, free events that allow borrowers to meet face-to-face with their servicer or counseling organizations to develop a workout solution that helps borrowers stay in their home.
The campaign will continue in 3 additional cities - Atlanta, Miami and Cleveland - and is being sponsored by the HOPE NOW alliance made up of non-profit counselors and mortgage industry participants committed to help as many homeowners as possible prevent foreclosure and stay in their home.
The private-sector, government-approved HOPE NOW Alliance announced in early July that its members have helped facilitate some 1.
Last fall, MBA joined with the nation's largest mortgage servicers, investors, homeownership advocates, credit counselors and other banking industry associations to form the HOPE NOW Alliance.