Hope Now Alliance
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Hope Now Alliance is a cooperative effort between the US government, counselors, investors, and lenders to help homeowners who may not be able to pay their mortgages.
This article seems to have a more balanced appraisal of what this organization has accomplished:
http://www.msnbc.msn.com/id/23581774/
On October 10, 2007, Hope Now Alliance was created. [1]
Hope Now has supported a toll-free hotline, 1-888-995-HOPE, which is available 24-hours a day to provide mortgage counseling in multiple languages.
On December 6, 2007, President Bush announced that representatives of Hope Now have developed a plan to freeze interest rates for some subprime borrowers who would not be able to make higher payments if their interest rate rose. [2]
