Tuesday, March 2, 2010

HOPE Now Expands HOPE LoanPort™

The HOPE NOW Alliance announced that it is expanding HOPE LoanPort™, its housing counselor Web portal, to 25 states and over 100 cities to help at-risk homeowners avoid foreclosure. The portal allows Housing and Urban Development (HUD) -approved counselors to submit completed Home Affordable Modification (HAMP) applications directly to a homeowner’s servicer, track the status and provide borrowers with more timely decisions.

Five NeighborWorks Organizations will participate in the expansion: Los Angeles Neighborhood Housing Services, Community HousingWorks in San Diego, The Housing Partnership, Inc., in Louisville, Neighborhood Housing Services of Baltimore and St. Mary Development Corporation in Dayton. Home Free USA and Consumer Credit Counseling Services (CCCS) of Atlanta and Dallas will also participate in helping homeowners through the HOPE LoanPort™.

The program began in December 2009 with several servicers and housing counseling agencies affiliated with NeighborWorks America and Home Free USA. According to HOPE Now, housing counselors and servicers involved in the pilot have provided positive feedback on the portal, including that it eases the document traffic jam that has plagued the system. This means that decisions can be made faster and struggling homeowners can get the help they need sooner.

4 comments:

jay said...

We live in Humble Tx.
Our Mortgage company GMAC[used to be Homecomming Financial.
We have been strugling to Save our Home,from Foreclouse.
Our Delayed payments has now turned into over $9000 .
We are unable to get any co-operation.
We filed Loan modification,they have declined ,saying we do not Qualify.But we do .
We want keep our house,and we cannot find one loan rep.or any other Rep. of the GMAC mortgage,who we can talk to.
There is ONE 1800# they give out ON ALL THEIR CORESPONDENCE AND ALSO ON THEIR WEB SITE.
WE HAVE TRIED TO GET HELP FROM CONGRESSMAN TED POE, BUT HIS OFFICE LETTER TO US, SAYS HE CANNOT INTERVENE IN PRIVATE BUSINESS.Also faxed info. to SHEILA JACKSON. Their office says ,we are not in the area ???
We cannot put together $9000 in 15 days.
We are already paying 9% interest.
We have lived in this house for almost 8 years.
We have tried to contact GMAC to Please put this PENALTY TOWARDS OUR LOAN, EXTEND FEW YEARS ,SILL KEEP 9% INTEREST,WE WANT TO STAY AND KEEP OUR HOME.THIS IS THE ONLY AMERICAN DREAM, WE HAVE OUR OWN HOME.

We are as a family are terrified, to go homeless and be on the Streets.

Can any one reading suggest ombudsman/congressman/congresswomenwho can atlest intervene,because they all can access to higher qualified personall to talk.
If loan modification/homeowners help is a SIGNED LAW OF THE LAND.
How come ,we are not being qualified.

Any suggestions and contacts be appreciated.

Thank you
Jay

Humble,Tx.

NeighborWorks America said...

Jay, we're sorry to hear about your situation. You did the right thing by reaching out to your bank, but have you tried using a housing counseling agency to work on your behalf? You can go to http://www.findaforeclosurecounselor.org to find a HUD-approved counseling agency near you in Texas. The counselors are trained to deal with servicers (banks) and can probably get your case to the right people. You don't have to go it alone. Let a professional help you and this help is free. You can also call the HOPE Hotline at 1-888-995-HOPE or visit www.hopenow.com to get the same type of help.

Anonymous said...

Jay, if you are still in need of assistance please e-mail the Texas Foreclosure Prevention Task Force at texasforeclosurehelp@gmail.com

We will connect you and your HUD-approved housing counselor if you have one, with a GMAC representative here in Texas who will assist you.

Anonymous said...

Don't mean to take anyone's time, but like Jay, and probably countless others, I am at the end of my rope, and wanted to say something to somebody.

Lost my well-paying, out-of-state job over 14 months ago, fell behind in mortgage payments (among others). Have cooperated with Wells Fargo(WFHM) the past 12 months in addressing the issue. I received a few re-assuring courtesy calls that I "will not lose the house".

In October, 2009, I was approved for a loan modification and I was in heaven for a while. WFHM took one payment, then reversed the decision. I have not found the real reason yet, though it was implied that "investors" make the final call. But I don't know how to reach investors. And I would have been able to make the payments, even now. In the interim, I have tried to gather sufficient funds, but keep faling short of the needed catch-up amount.

Called WFHM last week again. Sent WFHM a financial statement/income/expense paperwork this week. But iI fear the outcome will be the same as it was in October...or worse.

I am still unemployed, drawing unemployment.

Bought the house in Chicago in 1986and at the beginning of 2009, owed about $28,000. At a 10.375% interest rate, the balance is about $40K now (not including potential attorney fees, etc). Also received a summons yesterday.

Thank you for listening, just needed to vent.
John