Foreclosures are still climbing; at last count in July over 91,752 families lost their homes. This number is up 14% from June and twice the figure for July 2007, where the peak hit was 42,043. However, at least now there is some hope with Hope Now; so far in the past three months they have assisted over 2 million troubled borrowers to keep their homes. Their team fixed over 192,000 loan issues in July, 6% more then they did in June.

Of course, according to Nicholas Retsinas, Harvard´s Joint Center for Housing studies director, "The treadmill is still going a little faster than [Hope Now] can keep up with,...Foreclosures have outpaced the efforts to combat them." Faith Schwartz, Hope Now´s executive director, says that they are going to increase their efforts and will do more promoting and send more letters to troubled borrowers, as well as hold foreclosure prevention conventions. If they can spread the word, they can assist more people. Since March, they have hosted 20 events, allowing troubled borrowers to meet with foreclosure prevention counselors, and over 11,500 homeowners have attended. Last week alone, over 3,300 borrowers attended conventions in Florida.

One kink in more promotion is that many borrowers are still reluctant to accept help. Since November 1, 2007, over 1.6 million letters were sent out to borrowers that were more then 60 days late on making their mortgage payments. However, over 80% of those borrowers did not follow up and call their lenders. Schwartz remarked that "Outreach is crucial,...Borrowers have to talk to their lenders. That's the most important message we communicate." At least around 20% responding is better then nothing. According to John Courson, the chief operating officer for the Mortgage Bankers Association, normally only 2%-3% of delinquent borrowers contact their loan servicers after getting a late payment notice.