Homeownership Preservation Foundation Comments on Launch of Consumer Financial Protection Bureau
WASHINGTON, D.C. — The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline at 888-995-HOPE™, released the following statement in response to today’s official launch of the Consumer Financial Protection Bureau (CFPB):
“Today’s launch of the Consumer Financial Protection Bureau is a major milestone in American consumers’ efforts to take stronger control over their financial lives, and we congratulate the many people who came together to develop and launch this important consumer resource,” said Colleen Hernandez, CEO of the Homeownership Preservation Foundation.
HPF is supporting the Consumer Financial Protection Bureau’s Consumer Response process by providing counseling and assistance to homeowners who contact CFPB with mortgage- and foreclosure-specific issues and complaints, including those relating to possible mortgage scams. HPF’s network of HUD-approved counselors have already provided such services, at no charge, to more than five million financially challenged homeowners through the national Homeowner’s HOPE™ Hotline (888-995-HOPE™).
Ms. Hernandez added: “We are proud to support CFPB on its important mission to protect and preserve the financial interests of American consumers, and we look forward to continuing to provide much-needed assistance to consumers struggling with mortgage challenges.”
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure. HPF guides consumers onto the path of sustainable homeownership and develops innovative solutions to preserve and expand homeownership. Through its Homeowner’s HOPE™ Hotline, 888-995-HOPE™, HPF provides comprehensive financial education and confidential foreclosure prevention counseling for FREE, 24 hours a day, 7 days a week, 365 days a year, in over 170 languages. Since 2007, HPF has served more than five million distressed homeowners, an average of 5,500 each weekday, who depend upon HPF as a trusted, neutral source of information and assistance. For more information about the Homeownership Preservation Foundation or the Homeowner’s HOPE™ Hotline, please visit www.995hope.org