There's an interesting article in Sunday's Times about attempts by Countrywide borrowers to keep their houses. Countywide has "a 2,700-member unit, called the HOPE Team, that it says helps borrowers modify their loans and hold onto their homes."
But Mark Seifert, executive director of Empowering and Strengthening Ohio’s People, a consumer advocacy group in Cleveland, is dubious. He said his experience with Countrywide, one of the dozen or so lenders and servicers with whom he works on behalf of borrowers, has been unsatisfactory.