Comments on: Hope For Homeowners Update: HUD Lender Participant List Now Online

By: Eric Williams

Eric Williams — Fri, 22 May 2009 13:22:44 +0000

Who is participating in this program? Who are the lenders? Where are the lenders located?

By: Joanne Tambourelli

Joanne Tambourelli — Fri, 26 Dec 2008 14:24:56 +0000

We contacted the Hope for Homeowners program. All that happened was we were re-directed to a credit counseling service that rooted through our finances, examining every penny we brought in and every penny we put out. At the end, they sent their “reccomendation” to our mortgage holder (who is not a lender, just the owner of the debt). They promptly called us and told us there was nothing they could do for us even though one of the reccomendations from HFH was FHA Secure Loan. We called tons of lenders, no one even knew what the FHA Secure loan was or how the program worked. We went throught our State’s HUD program that basically did the same thing, put us through a credit counseling service then reccomended us to Wells Fargo Bank for FHA Secure Loan. When we called Wells Fargo the same day we got out of the counselors office, we were told they coultn’t help us unless our current mortgage was already with Wells Fargo. So we are still waiting for help and most likely won’t get it unless we can somehow find out how to become a federally chartered bank and get a couple of million dollars in bailout money no questions, no strings.

By: Robert Paduano

Robert Paduano — Sun, 02 Nov 2008 14:29:51 +0000

My company is on this list but this list does not include lenders who will purchase or service these loans even though their guaranteed by the Gov’t. Your first response was correct, the lenders aren’t interested in principle writedowns they are still in a cave when it comes to getting ahead of this problem, I don’t know anyone who will stay in a house for long when they owe $100,000 more than it’s worth. Lowering rates as the answer for the foreclosure crisis will only work at the margins. Until Congress requires lenders to participate this program is going no where. At a minimum the Banks and Institutions who received bailout money should be required to participate but our leaders in Congress apparently didn’t have the foresight to think that would be a good idea.

By: Yanett

Yanett — Fri, 31 Oct 2008 21:47:26 +0000

who is the lender that has HOPE program in san antonio, tx???