Harvard MBA Students Support Fight Against Massachusetts Foreclosure
The Homeownership Preservation Foundation (HPF) today announced that it was teaming up with students at Harvard Business School (HBS) to support the Foundation’s mission of preventing foreclosure and preserving homeownership. Beginning in the fall semester, students of the class of 2010 will work alongside the Homeownership Preservation Foundation in several independent field studies aimed at helping struggling American homeowners.
As part of their second-year curriculum, the students will participate in field studies, working with the HPF team to design and implement new management strategies; marketing, operations and social media methods; and more.
The idea for the partnership began with a conversation between Lindsay Jurist-Rosner, a recent Harvard Business School graduate, and Brian McGinnis, a former member of Lehman Brothers’ corporate strategy team, about what MBA students could do to help Americans affected by today’s financial crisis. With the help of HBS professor and consumer finance expert Peter Tufano, the two narrowed their scope to focus on mortgages and foreclosures and were introduced to the team at the Homeownership Preservation Foundation.
“As we read in the newspaper every day, the threat of foreclosure continues to place many American families in jeopardy,” stated Colleen Hernandez, President of the Homeownership Preservation Foundation. “HPF is committed to doing our part to stem this tide and we are thrilled to support the development of Harvard Business School’s graduate students as they contribute their practiced business expertise to support our mission of preserving homeownership.”
“These graduate students wanted to find a way to help us achieve our mission – and we knew that they would bring energy, knowledge, and ideas that would increase our capacity to serve homeowners,” continued Hernandez. “It says a lot about the caliber of these students that they are willing to put their education to work in this way.”
Jurist-Rosner and McGinnis enlisted HBS classmates who shared their desire to give back. Fred Smith, Jurist-Rosner’s classmate, as well as two rising second year students, Damali Brown and Joshua Awad, joined the team. Members of the HBS team traveled to HPF headquarters in Minneapolis in May to meet with senior members of the organization and to finalize the details of the field study.
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