Leading Homeownership Groups Continue Nationwide Focus on Sustainable Homeownership
WASHINGTON, DC November 24, 2015 – Homeownership Preservation Foundation (HPF) and Framework® today announced enhancements to their partnership aimed at providing online home-buyer education nationwide to homebuyers. The Framework platform will now allow consumers to connect to an HPF housing expert, further enhancing the robust educational experience. Additionally, consumers will be able to access the platform via HPF’s new homebuying website, www.995HOME.org. Since 2014, HPF and Framework have partnered together to help prospective homebuyers increase their knowledge about the homebuying process and become prepared for successful and sustainable homeownership.
Framework is an educational platform that enables prospective homebuyers to learn about the purchase process online, at their own pace, with access to trained professionals across nine learning modules. The course exceeds National Industry Standards for home-buyer and digital education, and is a joint effort of the Minnesota Homeownership Center and Housing Partnership Network, a business collaborative of the nation’s leading affordable housing and community development nonprofits, which sponsors and operates Framework.
“The integration of housing counseling and technology is a highly efficient and effective way to prepare consumers for sustainable homeownership,” said HPF CEO David Berenbaum. “Buying a house is typically the investment of a lifetime, and one that can become emotional in a way that can cloud good financial judgment. Our HOME website, 995home.org, is filled with a plethora of tools and resources that will help the next generation of homeowners and boomerang borrowers navigate through the homebuying process. Combining Framework with HPF’ s Gold Standard of Counseling and Financial Coaching ensures that prospective homebuyers are not only armed with important knowledge about purchasing a home, but also equipped to use it effectively.”
“Collaborating with strong national partners like the Homeownership Preservation Foundation is central to our mission to encourage and support successful and sustainable homeownership,” said Danielle Samalin, president of Framework at Housing Partnership Network. “The rules of the game may have changed but educating prospective homebuyers about the process will continue to pay dividends for both lenders and homebuyers. Framework is laser focused on enabling would-be homebuyers to go into process with their eyes open. HPF shares this deep commitment to homeownership and we are excited to expand our partnership.”
Combining HPF’s expert housing counselors with Framework’s engaging online format continues to appeal to a wide spectrum of prospective homebuyers, allowing them to learn in mutually supportive ways. In addition, the expanded partnership with Framework allows HPF to continue providing services nationwide, throughout all stages of homeownership. More than 120 lending and real estate partners have approved Framework, including Bank of America, Wells Fargo and several Federal Home Loan Banks, and HPF looks forward to continued success with this partnership.
ABOUT HOMEOWNERSHIP PRESERVATION FOUNDATION
The Homeownership Preservation Foundation (HPF) is an independent national nonprofit dedicated to guiding consumers onto the path of sustainable homeownership and improving their overall financial health. 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.
Through its Homeowner’s HOME™ Hotline, 844-995-HOME™, HPF provides comprehensive financial education and pre-purchase housing counseling. Since 2007, HPF has served more than five million distressed homeowners who depend upon them as a trusted, neutral source of information and assistance. For more information about the Homeownership Preservation Foundation, please visit www.homeownershippreservation.org.
Framework is an online homeownership education course created by Housing Partnership Network and the Minnesota Homeownership Center. An engaging way to learn about the home-buying process, Framework appeals to seasoned and first-time homebuyers alike. The interactive course is organized into a 9-module format that is user-friendly and fun, while exceeding National Industry Standard requirements for homeownership education. Users can follow the course at their own pace, with fluid design and virtual advisors to keep the experience both lively and insightful. Studies have shown that homeownership education is the single most effective tool for achieving successful homeownership. Framework gives prospective homebuyers an advantage, enabling them to become smart, confident successful homeowners. To learn more about Framework, please visit www.frameworkhomeownership.org.