Document Type

Lessons Learned

JEL Codes

G01, G33


In October 2007, at the start of the Global Financial Crisis (GFC), Faith Schwartz was recruited by the US Department of the Treasury to organize the Hope Now Alliance, a public-private partnership she led through 2012. Its mission was to assist homeowners looking to modify their loans and avoid foreclosure. Several of the innovations and protections Hope Now implemented became law through the passage of the Dodd-Frank Act in 2010. In 2016, Schwartz founded Housing Finance Strategies and is its chief executive officer. This “Lessons Learned” is based on an interview held with Schwartz in November 2021.