Recent News
Homeownership Preservation Foundation Survey Reveals Significant Optimism Among Distressed Homeowners who Receive Housing Counseling
71% of Callers Expect to Resolve Personal Finance Crisis and Remain in their HomeUnemployed Homeowners Have Just Three More Weeks to Apply for Financial Aid via Federal Government's $1 Billion Emergency Homeowners' Loan Program, Urges The Homeownership Preservation Foundation
Homeowners with Significant Income Reduction Due to Involuntary Unemployment, Underemployment, or Medical Condition Eligible for HUD Forgivable Loan Program...Mortgage Counseling Benefits Validated by Four Independent Research Studies, Reports Homeownership Preservation Foundation
Data Presented by Harvard University, The Urban Institute, Federal Reserve Board of Governors, and National Council on Aging Confirms Homeowners BenefitHomeownership Preservation Foundation to Help Unemployed Homeowners Secure Mortgage Payment Relief via $1 Billion Government Program Ending September 15
Homeowners with Significant Income Reduction Due to Involuntary Unemployment, Underemployment, or Medical Condition Can Apply for HUD Forgivable Loan ProgramA Funding Cut that Mortgage Scam Artists Would Love
Despite the continuing crisis, some in Congress want to cut funding for mortgage counseling for distressed homeowners. The considerable amount of misinformation currently circulating as to the merits of counseling is a key driver of this misguided proposal. So, let's examine who benefits from the process — and who will benefit if funding for counseling is eliminated...African-Americans, Hispanics, and Asians comprise nearly half of mortgage loan modification scam victims, HPF Hotline finds
Nearly half the victims of mortgage loan modification scams are of African-American, Hispanic, or Asian descent, according to statistics released today by the Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure since 2004. Nearly one-in-four of the possibly fraudulent scams reported were in California.California accounts for nearly 25 percent of suspected foreclosure rescue scams reported to national hotline
Since February of last year, HPF has operated a specialty unit of their Homeowner’s HOPE™ Hotline (888-995-HOPE), a resource for financially distressed homeowners. The unit focuses on those who believe they have been victimized by a scam or have been approached by someone offering related services they suspect are fraudulent. Some 22 percent of the calls came from California, far and away dwarfing activity reported in Florida, which ranked second and accounted for seven percent of the calls. Texas and New York ranked third with five percent, followed by Georgia with four percent.HUD Empowers Homeowners to Recognize, Avoid and Report Scams
The U.S. Department of Housing and Urban Development (HUD) is launching a new campaign in Miami, Chicago, and Los Angeles called Know It. Avoid It. Report It. This campaign has two objectives. First, it aims to direct homeowners facing foreclosure to trusted resources and housing counselors. Second, and more importantly, the campaign wants to solicit the support of homeowners in shutting down scammers who regularly target the elderly, Hispanics, and African Americans. Both objectives will be pursued through education and outreach, anti-scam reporting tools, and close cooperation with federal, state, local, and non-profit partners...Consumers Value the Guidance of a Trusted Independent Ally
While there is little agreement from various sectors about what caused the current housing crisis or what will solve it, there is nearly unanimous agreement that consumers, in order to resolve their issues, need to reach out for help, to understand their situation, to navigate a course through the mortgage maze, to be in touch with their servicers, and to make the changes in their lifestyles and their budgets in order to stay in their homes.Homeownership Preservation Foundation Appoints Homeownership Advocate Bruce Gottschall to Board of Directors
Gottschall has worked in the fields of housing and community development throughout his career, most notably as one of the original founders of Neighborhood Housing Services (NHS) of Chicago, serving as Executive Director of NHS from its inception in 1975 until his retirement in 2009. During his tenure, NHS financed 29,000 units of housing, loaned $500 million in 18,000 loans and leveraged more that $1.1 billion in neighborhood investment while serving 181,000 clients. Under his leadership, NHS of Chicago partnered with the City of Chicago to establish NHS’s Home Ownership Preservation Initiative (HOPI), which became a national partnership model in preventing foreclosures....Homeownership Preservation Foundation Appoints Dr. Christopher Herbert to Board of Directors
Dr. Herbert has more than two decades of experience conducting research related to housing policy, housing markets, housing finance and urban development. In recent years, Dr. Herbert’s work has had a particular focus on efforts to promote and maintain homeownership for low-income and minority families.Homeownership Preservation Foundation is Sole Recipient of $1 Million HUD Grant to Increase Awareness, Assist Victims of Foreclosure Rescue Scams
HPF Also Awarded $1.72 Million to Support Housing Counseling ServicesFederal Reserve Appoints Josh Fuhrman to Consumer Advisory Council
Mr. Fuhrman will serve a three-year term on the 30-member CAC, which convenes three times a year to advise the Board on issues related to consumers, communities and the financial services industry...Why Make the Call? What You Need to Know About Foreclosure Prevention Counseling and the Homeowner’s HOPE™ Hotline
By Colleen Hernandez, CEO, Homeownership Preservation FoundationHomeownership Preservation Foundation Reports Call Volume for October from Homeowners Facing Foreclosure
The Homeownership Preservation Foundation (HPF) received 125,248 calls in October from distressed homeowners, a 14.2 percent decrease from September, which had the highest call volume year to date. October call volume was seven percent higher than calls received during the same period in 2009. The states with the largest call volume in October were California, Florida, New York, Texas and Georgia, the same call volume ranking as in September.Homeownership Preservation Foundation Reports Call Volume for September from Homeowners Facing Foreclosure
The Homeownership Preservation Foundation (HPF) received 145,993 calls in September from distressed homeowners, a three percent increase from the previous month. Call volume to the hotline increased 7.4 percent in the third quarter from the previous quarter. The states with the largest call volumes in September were California, Florida, New York, Texas and Georgia.Homeownership Preservation Foundation Provides Assistance, Six Warning Signs of Foreclosure Scams to Prevent Homeowners Falling Prey to Rip-offs
The Homeownership Preservation Foundation (HPF), which provides information and financial education to guide consumers toward the path of sustainable homeownership, is alerting homeowners to resources that will help them avoid being victimized by unscrupulous companies conducting mortgage loan modification and foreclosure rescue scams.4 Million Homeowners Dial 888-995-HOPE for Help Avoiding Foreclosure
The Homeownership Preservation Foundation (HPF), which provides information and financial education to guide consumers toward the path of sustainable homeownership, announces today that it has helped over four million distressed homeowners through its Homeowner’s HOPE™ Hotline (1-888-995-HOPE). Since the financial crisis began in 2008, homeowners have called the Hotline seeking guidance and information about how to avoid foreclosure.Statement by Colleen Hernandez, CEO, Homeownership Preservation Foundation Regarding the National PSA Campaign to Raise Awareness of the Making Home Affordable Program
“The Homeownership Preservation Foundation (HPF), which was designated as the Making Home Affordable Program call-center in 2009, is pleased to be able to assist the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development as the call to action for these timely and very important PSAs,” said Colleen Hernandez, CEO of the Homeownership Preservation Foundation.Homeownership Preservation Foundation Names VantageScore Solutions President/CEO Barrett Burns to Board
VantageScore Solutions President and Chief Executive Barrett Burns has joined the board of directors of the Homeownership Preservation Foundation (HFP), a national non-profit organization dedicated to reducing foreclosures and preserving homeownership in the United States.888-995-HOPE™ Hotline to Help Victims of Loan Modification Scams
October 28, 2009 - WASHINGTON, D.C. – The Homeownership Preservation Foundation (HPF) today announced that its Homeowner’s HOPE™ Hotline, 888-995-HOPE™, has been selected as the point of contact for homeowners seeking assistance, protection and information on loan modification scams.New Online Videos to Assist Homeowners
Mortgage Workout Center Videos to help those in danger of foreclosureObama Foreclosure Plan Sparks Large Spike in Calls to Homeowner Hotline
Making Home Affordable Plan President ObamaHomeownership Preservation Foundation Recognizes Individuals Providing Outstanding Service to Struggling Homeowners
Unsung Hero awardsHomeownership Preservation Foundation Applauds the Administration's Homeowner Affordability and Stability Plan
HPF Executive Director Looking Forward to Helping Homeowners Navigate the Plan Announced by President ObamaForeclosure Prevention Hotline Helps Over 1 Million Homeowners
The Homeowner’s HOPE™ Hotline (888-995-HOPE™) marks milestone; receiving over 1 million calls from struggling homeowners in 2008HOPE NOW to Report on 2008 Efforts; Look Ahead to 2009
Call With Reporters to Discuss Results, Including November Data on Foreclosure PreventionsHomeowners Warned Of Phony Foreclosure Prevention Hotlines
Homeownership Preservation Foundation President Affirms 888-995-HOPE™ is the only official Homeowner’s HOPE™ HotlineNational Foreclosure Hotline Announces More Foreclosure Prevention Partners
Additional counselors have joined the effort to serve homeowners calling the 888-995-HOPE HotlineNation's Foreclosure Prevention Hotline Shatters Previous Call Records
President Bush’s announcement encourages more than 140,000 concerned homeowners to reach out for helpHome Mortgage Expert Comments on President’s Announcement
STATEMENT OF COLLEEN HERNANDEZ President and Executive Director Homeownership Preservation FoundationNational Foreclosure Hotline Reaches Record High Call Volume
The Homeownership Preservation Foundation has received more than 100,000 calls from concerned homeowners since beginning of the year, shattering call records set in 2006.Foreclosure Hotline Calls for Help Double
Homeownership Preservation Foundation counselors fielded more than 30,000 calls from troubled homeowners in second quarter, doubling previous quarter’s call volumeHomeownership Preservation Foundation Welcomes Countrywide Financial’s Support of the Homeowner’s HOPE Hotline
HPF Receives $150,000 grant from Countrywide to fund national 888-995-HOPE hotline; Names Countrywide Executive Sandor E. Samuels to Board of DirectorsHomeownership Preservation Foundation Sees Significant Jump in Calls from Homeowners Facing Foreclosure
The Homeownership Preservation Foundation has reported a significant jump in the number of homeowners calling its 888-995-HOPE hotline for assistance in avoiding foreclosure.Homeownership Preservation Foundation Receives $200,000 from Chase
The Homeownership Preservation Foundation has received $200,000 in support from Chase, the consumer brand of JPMorgan Chase & Co.Homeownership Preservation Foundation Receives $200,000 from Ocwen
The Homeownership Preservation Foundation has received $200,000 in support from Ocwen Loan Servicing, LLC.Poll
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