The HOPE NOW alliance announced it sent letters to more than 200,000 delinquent borrowers that will include a toll-free number borrowers can call for free help. This mailing, expected to start Nov. 19 and be complete by Nov. 30, will be the first of several outreach efforts to take place over the next few months. In a separate announcement, the Mortgage Bankers Association, also a member of the alliance, applauded the letter campaign. "This outreach effort provides borrowers with a trusted source, independent of their lender, who can help them determine how to get back on track," the trade group said.
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