U.S. President George Bush appeared in Freehold, Monmouth County, NJ today to praise a local non-profit company, Novadebt, which provides credit counseling to consumers who are burdened with heavy debt.
This was Bush's first visit to Monmouth County since he was President. He gave a speech to the press and then talked with members of the company, a couple of homeowners who were helped by the program, and then toured the offices shaking hands and talking with employees.
Bush talked about the HOPE NOW Alliance, which is a private-sector group of lenders, loan servicers, investors, mortgage counselors. He encouraged anyone worried about losing their home to call 1-888-995-HOPE.
He said that the program has so far helped 130,000 people refinance their mortgages and expect to help 300,000 by the end of the year.
Related information:
Text of Bush's Speech
The Mortgage Forgiveness Debt Relief Act of 2007
White House: Homeownership
Hope Now Alliance
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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