Press release: “A new national alliance, HOPE NOW, was announced… by Treasury Secretary Paulson and Housing Secretary Jackson to reach out and help homeowners who may not be able to pay their mortgages. The HOPE NOW collaboration of credit and homeowners’ counselors, mortgage servicers, and mortgage market participants was formed with the encouragement of the Department of the Treasury and Department of Housing and Urban Development… “HOPE NOW will harness the collective strength of counselors, capital markets investors and mortgage servicers in a more coordinated way and will bring to bear the full power of the government for the benefit of all consumers across our nation.”