MINNEAPOLIS, April 11 /PRNewswire/ -- The Homeownership Preservation
Foundation has received $200,000 in support from Chase, the consumer brand
of JPMorgan Chase & Co. The funding will be used to help sustain the
Foundation's efforts in preventing foreclosure in the United States through
its national consumer hotline, 888-995-HOPE (4673) -- and its
http://www.995HOPE.org website.
"We are pleased to be able to provide the Homeownership Preservation
Foundation with additional support," said Donna Sheline, head of Chase's
Homeownership Preservation Office, which was created in 2004.
"Organizations such as the Foundation can make a difference in helping
people keep their homes."
"Chase has been a strong supporter of the Foundation," said Colleen
Hernandez, president and executive director of the Homeownership
Preservation Foundation. "Their generous support will help the Foundation
and its 888-995-HOPE national hotline continue to help thousands of
homeowners around the country. In fact, calls to the hotline are up 30
percent in the first quarter of 2007 alone; and we are receiving more than
300 calls a day from homeowners in trouble."
The Homeownership Preservation Foundation along with mortgage lenders,
nonprofit organizations and city government agencies, provides homeowners
with counseling and resources to help homeowners resolve their mortgage
troubles. Homeowners who call the 888-995-HOPE number can receive free
advice and counseling from nonprofit, HUD-certified organizations -- 24
hours a day, 7 days a week.
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is a Minneapolis-based
501(c)(3) nonprofit dedicated to reducing foreclosures and preserving
homeownership for American homeowners. The Foundation was formed in
September 2004 with a $20 million seed contribution from GMAC ResCap
(Residential Capital, LLC), one of the nation's largest real estate finance
companies. The Foundation partners with city, county and state governments;
federal government agencies; community-based non-profit organizations; and
mortgage companies to offer creative solutions to preserve homeownership.
For more information about the Homeownership Preservation Foundation,
please visit http://www.hpfonline.org.
About Chase
Chase is the U.S. consumer and commercial banking brand of JPMorgan
Chase & Co. (NYSE: JPM). Chase has 154 million credit cards issued and
serves consumers and small businesses through more than 3,000 bank
branches, 8,500 ATMs and 280 mortgage offices as well as through
relationships with 15,000 auto dealerships and 4,300 schools and
universities. It also serves more than 30,000 commercial banking clients,
including corporations, municipalities, financial institutions and
not-for-profit entities. More information about Chase is available at
http://www.chase.com.
SOURCE Homeownership Preservation Foundation
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Related links:
http://www.hpfonline.org
http://www.chase.com
http://www.prnewswire.com/comp/138832.html/
CONTACT:
Brett J. Weinberg, +1-952-857-6859, for
Homeownership Preservation Foundation
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