Professor Michael Gorman’s Reading Paul (Eugene: Wipf and Stock, 2008) is a great little book on the apostle Paul. Here are Gorman’s description of Paul’s view of faith and hope.
Faith is a complex human experience, and Paul preserves this complexity while giving it a unique twist. While affirming its character as trust and conviction, Paul connects faith to the experience of Jesus as God’s faithful Son. Faith is more than trust; it is also fidelity, or loyalty. (page 123)
Hope, as the future tense of faith, is the trust-filled conviction that God will soon fulfill all promises and vindicate the faithful; this conviction enables a life of dedication to God (faith) and to others (love) in spite of having to share in the cross of Christ now. (page 166)