HOPE NOW Launches ‘Reach Out’ Campaign

Posted by Orb Staff on April 13, 2009 No Comments
Categories : Mortgage Servicing

OW has begun a new initiative to encourage homeowners at serious risk of losing their homes to work with counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD) to determine options that will best serve their needs. The ‘Reach Out’ campaign is a targeted state-by-state initiative. The initial phase of the campaign is an intensive effort targeted at Wisconsin homeowners who are 90+ days delinquent. In collaboration with the Wisconsin Housing and Economic Development Authority (WHEDA), HOPE NOW and 11 of its member servicers have begun to mail letters to homeowners about the HUD-certified counseling agencies in their area and urge them to take advantage of the services these agencies provide. HOPE NOW plans to expand Reach Out to other states with the highest percentage of extremely delinquent borrowers, including New Jersey, Texas, South Carolina and Florida. The 11 HOPE NOW servicer members participating in the Reach Out campaign include American Home Mortgage, Bank of America, Carrington Financial, Countrywide Financial, HomEq Servicing, HSBC, Litton Loan Servicing, Ocwen Financial Corporation, Saxon Mortgage Service, Select Portfolio Servicing, SunTrust, Wells Fargo and Wilshire. SOURCE: H

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