Homeownership Retention Program for Countrywide Customers announced by Bank of America

RISMEDIA, Oct. 7, 2008- This week, Bank of America announced the creation of a proactive home ownership retention program that will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 Countrywide Financial Corporation customers nationwide

According to the company, the program was developed together with state Attorneys General and is designed to achieve affordable and sustainable mortgage payments for borrowers who financed their homes with subprime loans or pay option adjustable rate mortgages serviced by Countrywide and originated prior to December 31, 2007. Bank of America acquired Countrywide July 1, 2008.

Read the rest here:
Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers

HOPE CAN HELP!!!
Get Help to Save Your Home
Don’t Miss This Opportunity to Meet With Your Lender Face-to-Face
It’s FREE!
Thursday, October 23, 2008
Glendale Civic Center
5750 West Glenn Drive
Glendale, AZ 85301
(Free Parking)

Download the Flyer

Glendale Foreclosure Prevention Workshops
Event will be open to the public from 2:00 p.m. until 8:00 p.m.
and will include the following:
􀀻 Opportunity to meet one-on-one with your lender to discuss workout
options to avoid foreclosure
􀀻 Information and assistance on homeownership preservation
HOPE NOW is a partnership between lenders and non-profit housing counselors. Our
mission is simple: we reach out to and attempt to assist homeowners who may be having
difficulty paying their mortgages.
NeighborWorks® Ameriica creates opportunities for people to live in affordable homes,
improve their lives and strengthen their communities.
For more information about the HOPE NOW Alliance visit www.hopenow.com
For more information about NeighborWorks® America visit www.nw.org
¡HOPE LE PUEDE AYUDAR!
Reciba ayuda para no perder su casa
No pierda esta oportunidad para platicar con su prestamista en persona
¡ Es GRATIS!
jueves 23 de octubre de 2008
Glendale Civic Center
5750 West Glenn Drive
Glendale, AZ 85301
(Estacionamiento gratis)
El evento al público es de 2:00 p.m. a 8:00 p.m.
E incluye lo siguiente:
􀀻 Oportunidad de hablar en persona con su prestamista para platicar sobre
opciones y evitar el embargo de vivienda
􀀻 Información y ayuda para dueños de casa
HOPE NOW es una asociación entre prestamistas y consejeros de vivienda sin fines de
lucro. Nuestra misión es sencilla: intentar ayudar a dueños de casa que tengan dificultad en
pagar su hipoteca.
NeighborWorks® America crea oportunidades para que las personas puedan vivir en
viviendas dentro de su alcance presupuestario, mejorar sus vidas y fortalecer sus
Para más información sobre HOPE NOW Alliance visite www.hopenow.com
Para más información sobre NeighborWorks® America visite www.nw.org

Foreclosure Prevention Workshop

Save the Date & Save Your Home!
Saturday, October 18, 2008
Registration begins at 9:30 a.m.
Workshops and counseling 10 a.m. - 3 p.

Download Flyer

City of Maricopa Foreclosure Prevention Workshop

Santa Rosa Elementary School
21400 N Santa Rosa Drive
Maricopa, Ariz. 85238

Resources available to help homeowners facing foreclosure:
Spanish translator available
Informational exhibits and take-away materials
Please bring your loan documents and other financial information with you to the workshop.
Free event. No charge for admission. Free parking. Children welcome with parental supervision.
Brought to you by the City of Maricopa and the Arizona Foreclosure Prevention Taskforce.

Meet With Your Lender Face-to-Face

HOPE CAN HELP!!!
Get Help to Save Your Home

Tucson Foreclosure Prevention

Download Tucson Oct-22 Flyer

Wednesday, October 22, 2008
Marriott University Park
880 East 2nd Street
Tucson, AZ 85719
Parking Information:
Main Gate Garage Tyndall Avenue Garage
815 East 2nd Street 880 East 4th Street
Tucson, AZ 85719 Tucson, AZ 85719

Event will be open to the public from 2:00 p.m. until 8:00 p.m.
and will include the following:
􀀻 Opportunity to meet one-on-one with your lender to discuss workout
options to avoid foreclosure
􀀻 Information and assistance on homeownership preservation
HOPE NOW is a partnership between lenders and non-profit housing counselors. Our
mission is simple: we reach out to and attempt to assist homeowners who may be having
difficulty paying their mortgages.
NeighborWorks® Ameriica creates opportunities for people to live in affordable homes,
improve their lives and strengthen their communities.
For more information about the HOPE NOW Alliance visit www.hopenow.com
For more information about NeighborWorks® America visit www.nw.org

En Espanol

tucson-spanish-oct-22-with-map

¡HOPE LE PUEDE AYUDAR!
Reciba ayuda para no perder su casa

No pierda esta oportunidad para platicar con su prestamista en persona
¡ Es GRATIS!

miércoles 22 de octubre de 2008
Marriott University Park
880 East 2nd Street
Tucson, AZ 85719
Estacionamiento:
Main Gate Garage Tyndall Avenue Garage
815 East 2nd Street 880 East 4th Street
Tucson, AZ 85719 Tucson, AZ 85719
Vea el mapa del estacionamiento al dorso

El evento al público es de 2:00 p.m. a 8:00 p.m.
E incluye lo siguiente:
􀀻 Oportunidad de hablar en persona con su prestamista para platicar sobre
opciones y evitar el embargo de vivienda
􀀻 Información y ayuda para dueños de casa
HOPE NOW es una asociación entre prestamistas y consejeros de vivienda sin fines de
lucro. Nuestra misión es sencilla: intentar ayudar a dueños de casa que tengan dificultad en
pagar su hipoteca.
NeighborWorks® America crea oportunidades para que las personas puedan vivir en
viviendas dentro de su alcance presupuestario, mejorar sus vidas y fortalecer sus
comunidades.
Para más información sobre HOPE NOW Alliance visite www.hopenow.com
Para más información sobre NeighborWorks® America visite www.nw.org

Foreclosure Prevention Workshop
For Homeowners
Sponsored by the Pima County
Foreclosure Prevention Coalition

Download Flyer

Foreclosure Prevention Workshop Pima County

Saturday, October 11, 2008
9:30 am to 2:00 pm
Ellie Towne Flowing Wells Community Center
1660 W. Ruthrauff Road, Tucson, AZ
*Located where Wetmore turns into Ruthrauff,
just west of Flowing Wells Road
If you are facing foreclosure come to a free workshop
where non-profit housing counselors will guide you
through steps that may save your home.
Congresswoman Gabrielle Giffords will provide an
update on actions recently taken by Congress to
address the foreclosure crisis.

Questions? Contact:
Don’t Borrow Trouble® Pima County
(520) 792-3087 or www.dbtaz.org

PIMA COUNTY FORECLOSURE PREVENTION COALTION

The Pima County Foreclosure Prevention Coalition invites you to help spread the word about a Foreclosure Prevention Workshop on Saturday, September 27^th at the Desert Vista Campus of Pima Community College.

Workshop Highlights:

This event will show homeowners a PowerPoint Presentation linked to a new, free Borrower Workbook created by the Pima County HUD Approved Housing Counselors and members of the Pima County Foreclosure Prevention Coalition.

The curriculum presents thoughtful and practical information about:

§ The Phases of Foreclosure

§ The Value of Budgeting

§ The Meaning of their Mortgage Terms and Conditions

§ The Options to Foreclosure (or when to allow foreclosure)

§ Scams (taking advantage of homeowners in distress)

§ Rebuilding credit (after foreclosure)

§ Resources in the community (for help before and after foreclosure)

Will you help the Coalition promote this event?

Using the Event Flyer (see attachment), you may choose one of the following:

§ Posting it on your website

§ Posting it on bulletin boards or kiosks for your coworkers, visitors, customers or clients to see

§ Mailing it with letters, applications or other information to your clients, customers or employees

§ Attaching it to items distributed by your office (such as food boxes)

§ Emailing it to your partners involved in the preservation of homeownership

We welcome your expertise in any number of important ways: continuous updates to the workshop content and design, recruitment of additional instructors and sponsors, and help on the day of the workshops!

Next Meeting: Friday, 8/29 (Please see the attached agenda including location and time).

Thank you for your support!

Martha

Martha Martin

Housing Program Coordinator

Pima County Department of Community Development and Neighborhood Conservation

2797 East Ajo Way

Tucson, AZ 85713

Phone: 520-243-6772

Fax: 520-243-6796

E-mail: martha.martin@pima.gov

Stabilizing Communities: Addressing the Negative Impacts of Foreclosure

July 15-16, 2008

Hollywood Renaissance Hotel

Los Angeles, California

http://www.frbsf.org/community/

Hosted by the Federal Reserve Bank of San Francisco, the Stabilizing Communities symposium is designed to bring together national experts to share best practices for mitigating the negative impacts of foreclosure on borrowers and neighborhoods. The objective is to provide local leaders and practitioners with tangible examples of how to address the foreclosure crisis within their communities, with a special emphasis on the issues facing high-cost markets such as those in Arizona, California, and Nevada. Over the two days, plenary panels and concurrent workshops will answer the following questions:

* What models and strategies are available to both help borrowers and convert REO properties into affordable homeownership or rental units?

* How might these strategies need to be adapted for high-cost real estate markets?

* What are the challenges that governments and nonprofits face in acquiring, rehabilitating, and managing foreclosed properties?

* And how can governments and nonprofits work with servicers and lenders to successfully convert foreclosed properties into community assets?

This symposium is part of a broader Federal Reserve System series, “Recovery–Renewal–Rebuilding,” that seeks to develop and disseminate innovative strategies and policies that can help to address the broad range of challenges related to the rise in mortgage delinquencies and foreclosures.

We hope that you will be able join us in Los Angeles on July 15th and 16th. Space is limited, so please register by June 30, 2008. Registration information, lodging details, and the agenda can be found at http://www.frbsf.org/community/.

FOR IMMEDIATE RELEASE
Thursday, May 29, 2008

“MORTGAGE TROUBLE? DON’T DELAY. CALL TODAY.”
Governor announces local toll-free help line

PHOENIX - Governor Janet Napolitano announced today the latest effort in a series of state initiatives to better serve Arizona families facing foreclosure. Homeowners who are either delinquent on their mortgage or face foreclosure now have a new, dedicated 24/7 toll-free help line to reach a local Arizona foreclosure counselor: 1-877-448-1211.

“In response to a problem that is increasingly affecting so many Arizona families we are launching this new toll free number in an effort to urge homeowners to not delay – to call today,” said Governor Janet Napolitano. “Troubled Arizona homeowners now have a phone number that will connect them to specialized services right here in Arizona. We urge anyone who may be at risk of foreclosure to call a local foreclosure counselor today.”

The Arizona foreclosure help line, made available through a $1.3 million federal grant, will be a vital link between families facing a housing crisis and access to free foreclosure counseling appointments. The Arizona Department of Housing is contracting with Community Information and Referral Services to staff the call center which will connect homeowners to a local, certified foreclosure counselor.

Other state efforts to address the mortgage foreclosure crisis in Arizona include:
• Expanding the Arizona Department of Housing’s Eviction and Foreclosure Prevention program (from $2.75 million to $4.2 million) and providing an additional $500,000 to support additional outreach in highly-impacted areas
• Additional foreclosure counselors being trained across the state
• Foreclosure Prevention Workshops for at-risk homeowners throughout Arizona
• Leadership in the Arizona Foreclosure Prevention Task Force, which brings together 200 organizations, lenders, community leaders and government representatives to coordinate outreach and education efforts to assist homeowners facing foreclosure

Tips on helping to avoid foreclosure can be found at www.azgovernor.gov.