Today’s Foreclosure NewsThis is the first in a series regarding NeighborWorks. You may have heard about Neighborhood Reinvestment Corporation, doing business as NeighborWorks America (NW) — the nonprofit corporation that continues to receive hundreds of millions of dollars to counsel or fund other agencies to counsel troubled borrowers facing foreclosure. (They just got another $180 million as a part of the [...]
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The Homeownership Preservation Foundation [HPF] was created, and is funded and run by the industry (see story here). It conveniently operates the Hope Hotline — the foreclosure hotline for troubled borrowers to call which has been promoted throughout the nation. [Do not confuse the HPF Hope Hotline with the Hope Now Alliance, more on the Alliance here.] Not [...]
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Update: January 14, 2009 – more evidence the Alliance numbers are bad. See here. —–Original post—– In late 2007, well after the subprime lending bubble burst and the foreclosure crisis created a worldwide credit crunch, President Bush, Treasury Secretary Paulson and HUD Secretary Jackson starting meeting with a bunch of of folks in the mortgage lending industry [...]
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Update of August 8, 2008: There is more on the ways of HPF. See HPF’s Hope Hotline created to save lenders money here. —-original post—- The Homeownership Preservation Foundation [HPF] operates the Hope Hotline. (See HPF website here.) [Don't confuse HPF's hotline with the Hope Now Alliance, more on them here.] The Hope Hotline has been pushed throughout the nation [...]
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