December 12th, 2007 10:30 PM by Lehel Szucs
NEW HOTLINE FOR HOMEOWNERS FACING FORECLOSURE
The HOPE NOW Alliance announced Monday the establishment of a consumer hotline for homeowners facing foreclosure. The HOPE Homeowner's hotline is being managed by the Homeownership Preservation Foundation, and provides free, independent, bilingual, HUDapproved counseling and advice 24 hours a day for homeowners who have questions about their mortgage loans, and may be in danger of losing their homes.
The HOPE NOW Alliance was organized at the urging of Treasury Secretary Henry Paulson and members from the U.S. Dept. Housing and Urban Development (HUD) in November, and consists of consumer credit counseling organizations, mortgage service providers, lenders, investor groups, and 10 trade associations serving the housing industry, including NeighborWorks America.
If you are having trouble paying your mortgage, please contact your lender or a credit counselor at 1.888.995.HOPE. Find out your options now – don’t waste another minute!
A non-profit, HUD-approved credit counselor is waiting for your call –1.888.995.HOPE
Other Helpful Links for Counseling Information:
NeighborWorks America: http://www.nw.org/network/home.aspHomeownership Preservation Foundation: http://www.995hope.org/MyMoneyManagement: www.MyMoneyManagement.net
HOPE NOW is a cooperative effort between counselors, investors, and lenders to maximize outreach efforts to homeowners in distress.
Consumer Credit Counseling Service of Atlanta
Homeownership Preservation Foundation
Housing Partnership Network
Servicers/Lenders/Mortgage Market Participants
AIG / American General Financial Services, Inc.
Aurora Loan Services, Lehman Brothers
Carrington Mortgage Services
Litton Loan Servicing
Morgan Stanley Home Loans
Ocwen Loan Servicing
Wilshir Credit Corporation, Merrill Lynch Home Loans
American Securitization Forum
American Bankers Association
America’s Community Bankers
American Financial Services Association
Consumer Bankers Association
Consumer Mortgage Coalition
The Financial Services Roundtable
The Housing Policy Council
Mortgage Bankers Association
Securities Industry and Financial Markets Association