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
The private-sector, government-approved HOPE NOW Alliance announced in early July that its members have helped facilitate some 1.
Creating these servicing procedures was the right thing to do, both for consumers and for the industry, and it's something that the HOPE NOW Alliance is entirely united on as it continues to fulfill its mission of helping as many homeowners as possible stay in their homes each and every day.
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
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.
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.