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As part of the American Rescue Plan Act of 2021, the federal government awarded California $1 billion to help homeowners who fell behind on their mortgage payments during the pandemic.
If you’re behind on mortgage payments and need help, there are several options available. Depending on the specifics of your situation, your options may include forbearance, loan modification or ...
State assistance is available to qualified homeowners who've missed at least two mortgage payments by Feb. 1 and are still in arrears, or who've missed at least one property tax payment by Feb. 1 ...
The state is again expanding its federally funded mortgage relief program to help more Californians. People who missed mortgage payments up to Aug. 1 are now eligible for help.
The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]
The program aims to help those with missed property taxes, late mortgage payments, reverse mortgages and partial claims or loan deferrals taken during the COVID-19 pandemic. As of Monday, only ...
The state is expanding its federally funded mortgage relief program to help more Californians. In addition to reaching people who fell behind on their payments in 2022 and early 2023, it is ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
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