The recently announced White House plan to offer
systematic interest rate relief for some borrowers with adjustable rate
mortgages about to reset to a higher rate is a modest, but worthwhile approach
to a growing crisis.
Whatever the debate on the reach of the plan, some
homeowners with mortgage payments set to jump from barely affordable to
unaffordable will benefit--so long as they act quickly and apply before their
scheduled rate hikes. We urge you to encourage borrowers to call the HOPE NOW