WASHINGTON--(EON: Enhanced Online News)--The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner's HOPE™ Hotline at 888-995-HOPE, today announced that Sanjeev Handa joined its Board of Directors, effective immediately.
“The vitality of the consumer mortgage market is predicated at least in part on that of the secondary mortgage market”
Mr. Handa is a Managing Director and Head of Global Real Estate Fixed Income team for TIAA-CREF, a financial services organization with $469 billion in combined assets under management as of June 30, 2011. He oversees TIAA-CREF's real estate fixed income portfolio, which includes commercial mortgages, commercial mortgage-backed securities (CMBS), and real estate debt funds. TIAA-CREF is a leading provider of retirement services in the academic, research, medical, and cultural fields.
"The vitality of the consumer mortgage market is predicated at least in part on that of the secondary mortgage market," said Colleen Hernandez, president and CEO of The Homeownership Preservation Foundation. "Sanjeev's strong financial acumen and deep understanding of the complexities of the secondary mortgage market make him an invaluable addition to HPF's Board. Added to that is his abiding sense of social mission which has guided his work at TIAA-CREF and now will help guide HPF. HPF is bettered for having someone with his notable background contributing to its governance, and I look forward to working with him."
Mr. Handa joined TIAA-CREF in 1988, and has held several positions during his tenure with the organization. Prior to assuming his current role as Managing Director, Real Estate Fixed Income earlier this year, he was head of global public fixed income, where he was responsible for the public fixed income assets of TIAA-CREF. Earlier, from 1998-2006, he was head of TIAA-CREF's asset backed securities unit and, prior to that position, held additional responsibilities including oversight of TIAA-CREF's securities lending programs. He began his career as a corporate bond and emerging market analyst.
Mr. Handa's appointment is the latest to further expand the professional diversity and issues expertise of HPF's Board of Directors. Others on the Board include Sharon Sayles Belton, former Mayor of Minneapolis as well as a nationally recognized expert on public/private partnerships that address public safety, neighborhood livability, and economic development; Bruce Gottschall, a founder of Neighborhood Housing Services of Chicago and architect of its Home Ownership Preservation Initiative (HOPI) that had become a national partnership model in preventing foreclosures; and Christopher Herbert, research director at the Joint Center for Housing Studies of Harvard University, which publishes the annual State of the Nation’s Housing report.
Bruce Paradis, Chairman of the Board of Directors for The Homeownership Preservation Foundation, added: "Sanjeev brings to the Board a unique perspective based on decades of market experience and expertise on the correlation between mortgage availability and pricing at the consumer level and broader macroeconomic concerns, such as the economy and the secondary mortgage market. His insights and contributions will be extraordinarily useful and very much appreciated."
Mr. Handa earned his MBA from the University of Michigan and his undergraduate degrees from New York University and The Cooper Union for the Advancement of Science and Art.
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure. HPF guides consumers onto the path of sustainable homeownership and develops innovative solutions to preserve and expand homeownership. 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. Since 2007, HPF has served more than four million distressed homeowners, an average of 5,500 each weekday, who depend upon HPF as a trusted, neutral source of information and assistance. For more information about the Homeownership Preservation Foundation or the Homeowner's HOPE™ Hotline, please visit www.995hope.org.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products