The number of loan servicers taking part in a state mortgage-aid program continues to grow roughly one year after its launch, said officials from the California Housing Finance Agency.
The Keep Your Home California program, which began in February, now has 55 participating mortgage servicers, up from 21 in June.
The growing list is important because the $2 billion in aid, which aims to help low- to moderate-income homeowners, is contingent on lender participation. Homeowners send their monthly mortgage payments to loan servicers.
In all, 10,000-plus borrowers in California have either received funding or are about to get assistance from all four subprograms, officials said. The latest figures from the housing finance agency show 635 households in San Diego County have benefited from the program. That translates to almost $13 million in assistance.
Info: Call 888-954-KEEP(5337) between 7 a.m. and 7 p.m. Monday through Friday, and 9 a.m. to 3 p.m. on Saturdays. Visit: www.KeepYourHomeCalifornia.org or www.ConservaTuCasaCalifornia.org.
Read more at: http://www.utsandiego.com/news/2012/jan/10/more-lenders-added-calif-mortgage-aid-program/
Disclaimer: for information and entertainment purposes only
Green Real Estate Appraiser 