Mortgage aid open to more Calif. borrowers

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 …

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Unemployment Rate Slips to 9.1%

After heading higher for three straight months, the nation’s unemployment rate declined to 9.1 percent in July, down from 9.2 percent in June, according to figures released Friday by the U.S. Department of Labor. The economy added 117,000 jobs last month. July’s numbers beat analysts’ forecasts. They were expecting the employers to add between 85,000 …

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California Realtors Offer Mortgage Assistance for Unemployed

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently launched a new program that allows home sellers to purchase mortgage protection coverage and offer it as an additional incentive to home buyers who purchase their home. MAKING SENSE OF THE STORY The “Home Payment Protection Program” (HPPP) is available through California REALTORS® who offer it to sellers …

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California expects mortgage-aid program to begin in weeks

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 …

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