http://www.nakedcapitalism.com/2008/02/hope-now-false-hope.html Sun, 22 Nov 2009 15:18:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2008/02/hope-now-false-hope.html#comment-4009 Anonymous Thu, 14 Feb 2008 16:17:00 +0000 http://www.nakedcapitalism.com/2008/02/hope-now-false-hope/#comment-4009 Maybe the next bestselling book in this election year will be entitled "The Mendacity of Hope". :) Maybe the next bestselling book in this election year will be entitled “The Mendacity of Hope”.

]]> http://www.nakedcapitalism.com/2008/02/hope-now-false-hope.html#comment-3968 Yves Smith Wed, 13 Feb 2008 16:12:00 +0000 http://www.nakedcapitalism.com/2008/02/hope-now-false-hope/#comment-3968 The language in the article was that they received 176,000 calls on the hotline. Given the narrow criteria for the Hope Now plan (the reset had to occur in a certain period, the teaser rate had to be at a certain level, your LTV had be over 97%), the more likely cause is that most were screened out on an initial call. Subsequent counseling was likely done via other channels (there are many not-for-profit counseling organizations spread around the US). The language in the article was that they received 176,000 calls on the hotline. Given the narrow criteria for the Hope Now plan (the reset had to occur in a certain period, the teaser rate had to be at a certain level, your LTV had be over 97%), the more likely cause is that most were screened out on an initial call. Subsequent counseling was likely done via other channels (there are many not-for-profit counseling organizations spread around the US).

]]> http://www.nakedcapitalism.com/2008/02/hope-now-false-hope.html#comment-3967 Tom Wed, 13 Feb 2008 15:55:00 +0000 http://www.nakedcapitalism.com/2008/02/hope-now-false-hope/#comment-3967 176,000 calls, not necessarily one call per borrower! 176,000 calls, not necessarily one call per borrower!

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