A state-run program that helps homeowners struggling to pay their mortgages now has broader eligibility guidelines, opening up help to borrowers who did “cash-out” refinances and own multiple properties, said California Housing Finance Agency officials on Monday. The mortgage-aid effort, called Keep Your Home California, so far has helped close to 8,000 low- and moderate-income …
Continue reading ‘Mortgage aid open to more Calif. borrowers’ »
Distressed Bank of America homeowners in California now have chance of principal reduction Bank of America has joined the Keep Your Home California principal-reduction program, making it the largest loan servicer involved in lowering loan balances for those with economic hardships. Making sense of the story Keep Your Home California is a program offered through …
Continue reading ‘Distressed B. of A. homeowners in Calif. now have chance of principal reduction’ »
California has expanded the pool of borrowers who could qualify for three programs aimed at helping families at risk of losing their homes, by making those who tapped their home equity or who took out loans after Jan. 1, 2009, eligible for assistance. The California Housing Finance Agency (CalHFA) is administering nearly $2 billion in …
Continue reading ‘California expands ‘Hardest Hit’ eligibility for distressed homeowners’ »
California expects mortgage-aid program to begin in weeks The California Housing Finance Agency (CalHFA) reported this week that its “Keep Your Home California” program will be delayed because of logistical issues with the program. The program was scheduled to begin Monday, Nov. 1. MAKING SENSE OF THE STORY: The “Keep Your Home California” program is …
Continue reading ‘California expects mortgage-aid program to begin in weeks’ »