Industry NewsMortgage

Borrowers can file for help online

Servicers expect flood of apps for loan mods
Published on Mar 10, 2009

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by CareyBot

Anticipating a flood of requests from troubled borrowers hoping to participate in the Obama adminstration's plan to modify or refinance up to 9 million loans, the HOPE NOW coalition of mortgage servicers is taking applications for assistance online at HopeNow.com.

Troubled borrowers can now apply for help from their mortgage servicer by submitting details about their financial situation at HopeNow.com, the Web site operated by the alliance of mortgage servicers and non-profit counselors.

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