July 14, 2011
Deadline to Apply for $1 Billion Federal Government Program to Help Homeowners Facing Foreclosure Ends in One Week, Warns the Homeownership Preservation Foundation
June 30, 2011
Unemployed 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...
June 23, 2011
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 Benefit
June 21, 2011
Homeownership 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 Program
May 26, 2011
A 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...
May 25, 2011
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.
May 25, 2011
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.
April 18, 2011
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...
March 06, 2011
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.
March 03, 2011
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....