Ballard announces formation of sub-prime team

Foreclosure prevention HOPE hotline shatters recordsMortgagePress.comdistressed homeowners, delinquent mortgages, HOPE NOW Alliance More than 143,000 calls from distressed homeowners were fielded by the Homeownership Preservation Foundation's (HPF) Homeowner's HOPE Hotline in the fourth quarter of 2007, twice the number of calls received during the third quarter and nearly 10 times that of the first quarter of the year. In December 2007, the HOPE hotline, (888) 995-HOPE, became the primary contact point for homeowners with delinquent mortgages, as part of the HOPE NOW Alliance. "We're encouraged because more homeowners are being proactive in reaching out for help," says Colleen Hernandez, president and executive director of HPF. HPF is a Minneapolis-based non-profit dedicated to reducing foreclosures and preserving homeownership for American homeowners. For more information, call (952) 857-8910 or visit www.995hope.org.