An article I read today, stated that lenders are currently discussing a new program that would allow current borrower's to freeze their ARM's due to high rates of foreclosure. The Initiative is called HOPE NOW. Some of the participating banks include Bank of America, Citigroup, Inc, Countrywide Financial Corp., Fannie Mae and Freddie Mac, JP Morgan Chase & Co., just to name a few. It appears that the long term effects of increasing foreclosures are causing more conversations revolving around solutions. If you'd like to read more please click the link below. Quick read! Just keeping you informed. Sounds like a good deal, for now at least. It will also allow more time to call those past clients!Cecelia MarlowSenior Mortgage ConsultantPanAmerican Mortgage LLCwww.ceceliaknowsmortgages.com