Hope Now Mortgage Website

Looks like some mortgage companies and banks are finally looking at soing some good. A group has established a website (http://www.hopenow.com/) which, at present, is not particularly helpful. It informs debtors how to ID their servicers (i.e., look on your mortgage statement), and recommends several approved credit counselors and provides links to other foreclosure information. However, according to Secretary Paulson, participating lenders will be sending out direct mail to borrowers to help them understand the available services and the companies have been asked to establish a model which includes a toll-free phone number, email address, and fax number.