42,000 of California’s jobless will get help with mortgages
The U.S. Treasury Dept. announced yesterday it is providing additional funding to a California program to help homeowners struggling to make their mortgage payments due to unemployment. The program, administered through the California Housing Finance Agency (CalHFA) will assist struggling borrowers make up to six months of mortgage payments. Lenders will be asked to match the government contribution.
MAKING SENSE OF THE STORY FOR CONSUMERS
The program aims to help 19,000 unemployed borrowers in California between its November launch and next July. An additional 23,000 borrowers will receive help over the next two years, according to CalHFA estimates.
To qualify for the program, borrowers must be unemployed and eligible for unemployment benefits, and live in the home tied to the mortgage. Borrowers must be fewer than 90 days behind on mortgage payments and meet low- and moderate-income guidelines. Income requirements can be found at http://keepyourhomecalifornia.com/income.pdf.
CalHFA is focusing on providing aid to unemployed borrowers struggling with purchase loans, excluding refinanced loans. According to CalHFA officials, it is too difficult to decide who “cashed out for a good reason and who didn’t.”
More information about the CalHFA program, including eligibility, program summary, income requirements, and frequently asked questions, can be found at http://keepyourhomecalifornia.com.
hi,i like your blog, will be referring a lot of friends about this. Keep blogging. Looking forward to reading your next post.if you are interested in watching dvds, you can visit our website: UFC episode dvd
people are stupid
This article is written in，I was looking for the information.Thank you and your share this articl at here
Thanks for this helpful post.
During our unclear financial periods I am looking for a glimpse of hope. Perhaps the administration can help the American people like they did with the finance institutions.
Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…
This is exactly posting is basically really helpful. it essentially provide us precisely what i’m interested in.
good good…this post deserves nothing
…hahaha just joking 
…nice post 
great…
Hei, I like this blog, many good information, I want to subscribe it, can anyone help me?
On my homepage, top right next to RSS icon and “Subscribe”, click on “Entries”. The page that opens up will give you the option to subscribe.
very nice thank’s Smile
Took me time to learn all of the feedback, but I actually loved the article. It proved to be Very useful to me and I’m positive to all of the commenters here! It’s always good when you can not solely be informed, but additionally entertained! I’m positive you had enjoyable penning this article.
Awesome piece. I just recently came across your blog and had to proclaim that I certainly relished checking out your weblog.
Your post has made a decision influenced me greatly. Thank you!
Thanks for taking the time to share this, I feel strongly about it and love reading more on this topic. If possible, as you gain knowledge, would you mind updating your blog with more information? It is extremely helpful for me.
This can be exactly what I was searching for
Sometimes I just think that people write and dont really have much to say. Not so here
Quite Beneficial!
Great post
Awesome submit
Hello I could use some of the information in this post, if I am here to provide a link back to your site?
That’s fine. Thanks!
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post
Your website is great! This post really caught my eye when I was searching around. Thanks for sharing it.