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....
February 17, 2011
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.
February 16, 2011
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 Services
February 14, 2011
Federal 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...
January 24, 2011
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 Foundation
December 28, 2010
The following letter to the editor by HPF CEO Colleen Hernandez was published by American Banker, 12/28/2010
November 30, 2010
Homeownership 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.