WASHINGTON, DC, April 17, 2017 — Summary of CFPB Guidance on RESPA and Housing Counseling Funding .
David Berenbaum, Chief Executive Officer, Homeownership Preservation Foundation (HPF), says that by following this guidance, housing counseling agencies can move forward with assurance that a lender’s decision to fund essential, nonprofit housing counseling should not be considered an inappropriate payment for referrals under RESPA Section 8(a).
To schedule an interview or for more information: Rick Goulart, VP Communications and Public Relations, (202) 480-2779
About Homeownership Preservation Foundation
HPF’s national Homeowner’s HOPE Hotline – 888-995-HOPE (4673) – continues to be an unbiased, trusted resource for foreclosure-prevention services, having served more than nine million diverse homeowners. HPF’s national network of HUD-certified housing counselors also has helped more than two million homeowners with a personalized action plan to avoid foreclosure.
Thousands of potential homebuyers – from millennials to boomerang borrowers to low-to-moderate-income workers to seniors – also have received HUD-approved counseling support from the national Homeowner’s HOME Hotline – 844-995-HOME (4663). Financial coaches from HPF’s national network encourage and motivate consumers to plan homeownership using state-of-the-art technology, including BluePrint by HPF, a digital money management app designed and powered by one of the fastest-growing fintech providers, MX.
Each business day, more than 1,200 people now approach HPF’s Homeowner’s Hotlines so that they may continue to enjoy the benefits of home.
Based in Minneapolis with offices in Washington, D.C., HPF is an independent, national nonprofit dedicated to guiding consumers on a path to sustainable homeownership by improving their financial health. Learn more at HPF.