This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:

The alliance, called HopeNow, was announced by Treasury Secretary Henry Paulson in October 2007 and counts as members some of the largest lenders and servicers that collect payments, a handful of housing counselor networks, and a group representing investors who hold mortgage debt.

The federal government / mortgage servicers alliance includes:
• American Bankers Association
• American Financial Services Association
• American Securitization Forum
• America’s Community Bankers
• Assurant, Inc.
• Bank of America (Countrywide Financial)
• CCCS Atlanta, Inc.
• Carrington Mortgage Services
• Citigroup Inc.
• Consumer Bankers Association
• Consumer Mortgage Coalition
• EMC Mortgage, Inc.
• Fannie Mae
• The Financial Services Roundtable
• First Horizon National Corporation
• First Tennessee Home Loans
• Freddie Mac: GMAC ResCap
• Homeownership Preservation Foundation
• Housing Partnership Network
• The Housing Policy Council
• HSBC Finance
• Indymac Bank
• JPMorgan Chase and Co
• Litton Loan Servicing
• Merrill Lynch
• Home Loan Services – Wilshire
• Morgan Stanley/Saxon
• Mortgage Bankers Association
• National City
• NeighborWorks America
• Ocwen Loan Servicing
• Option One Mortgage Corporation
• PMI Mortgage Insurance Co.
• Securities Industry and Financial Markets Association
• State Farm Insurance Companies
• SunTrust Mortgage, Inc.
• Washington Mutual, Inc.
• and Wells Fargo & Company

We make no evaluation of the program, whether it is working, or simply holds false promiss for homeowners.