How The Mortgage Industry Is Offering Help… Now
With blessings from both the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Affairs, HopeNow is providing much-needed help for many of this nations beleaguered subprime mortgage borrowers. Refinanced mortgages with fixed rates are available from a HopeNow program to homeowners meeting their qualifications.
Organization of HopeNow is the work of mortgage servicers who represent 90 percent of the subprime market with over 2 million subprime mortgage holders. Impetus to the promotion of the HopeNow programs have been boosted by those holding mortgages that could reset to higher rates in the next two years.
The HopeNow program’s fast track effort is speeding early applicants through the refinance process to free up time for mortgage servicers’ to focus on the more difficult cases.