Homeownership Preservation Foundation Supports U.S. Senate Confirmation of Pam Patenaude as HUD Deputy Secretary

Homeownership Preservation Foundation Supports U.S. Senate Confirmation of Pam Patenaude as HUD Deputy Secretary

WASHINGTON, DC, May 5, 2017 — Homeownership Preservation Foundation (HPF) today supported U.S. Senate confirmation of Pam Patenaude as Deputy Secretary of Housing and Urban Development.

Said David Berenbaum, HPF’s Chief Executive Officer:

Ever since HPF’s national Homeowner’s HOPE Hotline — (888) 995-HOPE (4673) — became integral in 2007 to the success of Treasury’s and HUD’s response to the housing crisis, HUD-certified housing counselors have helped more than two million homeowners avoid foreclosure.

We know Pam as a strong advocate of continued HUD-approved foreclosure-prevention counseling and pre-purchase coaching of diverse mortgage borrowers as the housing finance and real estate market continues to recover from the financial crisis.

A key principle of GSE reform as described by the Mortgage Bankers Association is to strengthen affordable-housing policy with sound lending principles and a holistic national housing strategy.  Housing counseling’s value to borrowers in a well-governed market already has been proven.

HPF congratulates Pam on her nomination and looks forward to supporting her and HUD Secretary Carson as HUD helps redefine that holistic national housing strategy.

About HPF Homeowner’s HOPE  Hotline

HUD-certified housing counselors from HPF’s national network around the U.S. are available 24/7 to speak with distressed homeowners via the HOPE hotline in more than 200 languages. Based in Minneapolis with offices in Washington, D.C., HPF is an independent, national nonprofit dedicated to guiding consumers onto the path of sustainable homeownership and improving their overall financial health.  Learn more at HOPE Hotline.