A colleague of mine brought a recent article in the Wall Street Journal to my attention about a new association called Hope Now. It is comprised of a number of major lenders, banks, credit counselors, and other organizations. They want to try and ease the sub-prime fallout by providing help, information, and resources to homeowners who may be facing foreclosure. They are also working with the US Treasury Department to temporarily freeze sub-prime mortgages to try and stem the tide of foreclosures.
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