The Homeowner's HOPE Hotline, operated by the Homeownership Preservation Foundation, received a record 45,000 calls in the three days after President Bush, Treasury Secretary Henry Paulson, and Housing and Urban Development (HUD) Secretary Alphonso Jackson unveiled a streamlined mortgage modification program.
The HOPE hotline was cited several times by Paulson and Jackson during announcements about the interest-rate freeze. The hotline offers foreclosure prevention counseling provided by HUD-certified counseling agencies.
‘The HOPE Hotline is a great resource for homeowners in distress,’ says Faith Schwartz, executive director for HOPE NOW. ‘However, those who want to inquire about the program announced by the administration should call their lender to see if they qualify under the plan.’