Tuesday, October 28, 2008

MBA Presents Investing in Communities Award to HOPE NOW Executive Director Faith Schwartz


SAN FRANCISCO, CA- - The Mortgage Bankers Association (MBA) has awarded Faith A. Schwartz, (top right photo) Executive Director of the HOPE NOW Alliance with the sixth annual MBA Investing in Communities Award during MBA's 95th Annual Convention & Expo in San Francisco.

"Faith serves a shining beacon to many troubled mortgage borrowers through her extraordinary leadership of the HOPE NOW Alliance," said MBA's Chairman, David G. Kittle, (top left photo) CMB.

"Since HOPE NOW's inception in October 2007, Faith's vision and expertise has given HOPE NOW and the lending community the breadth to assist more than two million borrowers in avoiding foreclosure through various outreach strategies and partnering efforts."

Since it began one year ago, HOPE NOW has reported that mortgage servicers have helped nearly 2.3 million homeowners avoid foreclosure.
Under Faith's leadership, HOPE NOW has initiated outreach to millions of at-risk homeowners, helping connect them with their loan servicer either directly or through the HOPE Hotline, 1-888-995-HOPE.

HOPE NOW has also hosted more than two dozen homeownership events in communities across the country so that troubled borrowers have the opportunity to directly connect with a housing counselor or their mortgage servicer.

Kittle says "Faith has a proven track record in nearly every aspect of the mortgage lending industry including legal, communications, and government and community relations sectors. She continues to contribute her leadership abilities as the President-elect of Women in Housing and Finance."

HOPE NOW is an alliance of counselors, mortgage market participants, and mortgage servicers that is working to help as many homeowners as possible avoid foreclosure and stay in their homes. For more information, including a full list of members, go to http://www.hopenow.com/.

CONTACT: Aleis Stokes, (202) 557-2741, astokes@mortgagebankers.org

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