Countrywide Donates $125K to Foundation

The Homeownership Preservation Foundation, Minneapolis, has received $125,000 in support from Countrywide Financial Corp., Calabasas, Calif., and a Countrywide executive will serve on the foundation's board.The foundation said the funding will be used in its effort to prevent foreclosures in the United States through its national consumer hotline and its website. Sandor E. Samuels, executive managing director at Countrywide, has been appointed to the foundation board. "The 888-995-HOPE foreclosure counseling hotline has been a lifesaver for many homeowners across the country, and the foundation continues to be a laboratory for foreclosure prevention best practices," Mr. Samuels said. The foundation can be found online at http://www.995hope.org.