DECEMBER 2017
KeepYour HomeCalifornia | Newsletter


2017 Third Quarter Report    

The 2017 third quarter "Quarterly Performance Data Report" was recently posted on the Keep Your Home California website and the charts on the Reports and Statistics webpage were updated with the new information. The report describes recent progress for Keep Your Home California, before the final quarter of 2017. Some of the highlights from the report include:
  • Keep Your Home California provided nearly $86 million in assistance during the third quarter of 2017. An average of $85.6 million in assistance was provided to homeowners during the first three quarters of 2017.
  • At the end of the third quarter, Keep Your Home California had funded more than $1.84 billion in benefit assistance - helping more than 72,000 unique homeowners prevent foreclosure of their homes. This represents 87% of the total Hardest Hit Fund program funds allocated to California
  • Applicants approved in the quarter for the Principal Reduction Program (PRP) saw their loan balances and monthly mortgage payments reduced by approximately $63,000 and $365, respectively.

Call Center Holiday Hours 

The holiday season is upon us and in the coming weeks, the Keep Your Home California call center will be closed three days in observance of holidays.  
 
The call center will be closed on Monday, December 25, 2017 (Christmas Day), Monday, January 1, 2018 (New Year's Day), and Monday, January 15 (Martin Luther King jr. Day). Regular business hours will resume on the Tuesday following each of the holiday closures.
 
You can find a complete list of the dates the call center is closed on our Before You Call webpage. 
Funding
(as of December 20, 2017)

Programs
  
Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
  49,920         
$898,579,389.01
Principal Reduction Program
  12,483          
$770,708,918.35
Mortgage Reinstatement Assistance Program
  13,896         
$213,306,159.00
Reverse Mortgage Assistance Pilot Program
     713
$9,209,625.06
Transition Assistance Program
    1,062         
$3,774,994.94
Total Program
Funds Allocated
    78,074          
$1,895,579,086.36
Recent Blog Post:

Unemployment Mortgage Assistance Program now helps homeowners catch-up on past-due mortgage payments
Losing a job and looking for work is tough. Just ask anyone who has gone through the experience.

Searching for job openings online, sending out resumes - in some cases drafting cover letters - and going to interviews is often more difficult and time-consuming than a full-time gig.

Keep Your Home California continues to expand to make the experience for job-seekers who own homes much easier, more helpful and less stressful. The free mortgage-assistance program provides assistance to out-of-work homeowners so they can focus on the job search and not worry about their monthly mortgage payments.

To more effectively help homeowners, Keep Your Home California recently made some changes to the Unemployment Mortgage Assistance Program. The program now allows homeowners to get as much as 18 months or a total of $54,000 in financial assistance, whichever comes first. The move opens the door to the program for homeowners with mortgage payments of more than $3,000, the previous limit.

Read More
Success Story: Francois T .
Program allows homeowner to grow new skills - and a new career

Homeowner Francois T. is a neighbor who shares the fruits of his labor. Literally.

Ask Francois about his home, and he looks beyond the four walls and talks about his avocado, cherry, lemon, mango and orange trees, a thriving vegetable garden, and the flowers in his yard.

In fact, he picked more than 1,000 avocadoes from his yard and shared the fruit with coworkers and neighbors a few years ago.

So when Francois was laid off from a longtime job along with many of his coworkers in summer 2016, he worried about his mortgage - and saving his home.

Read More
Monthly Question & Answer
Q: I receive unemployment benefits from California's Employment Development Department to supplement my current income. Can I still receive Unemployment Mortgage Assistance benefits?
A: Yes, if a homeowner is underemployed and receiving unemployment benefits from California's Employment Development Department, they may be eligible to receive full Unemployment Mortgage Assistance (UMA) benefits from Keep Your Home California. Homeowners who become re-employed during their active UMA benefit period should contact Keep Your Home California at 888.954.KEEP (5337).
  
Water Saving Tips

Installing a high-efficiency toilet saves 19 Gallons Per Person/Day. Consider buying a dual-flush toilet. It has two flush options: a half-flush for liquid waste and a full-flush for solid waste.

For more tips on what you can do to save water, please visit the Save Our Water website.
To see all Servicer Scorecards, please visit the Participating Servicers webpage.
January 23, 2017
3:00pm - 6:00pm
North Bay Job Fair and Veterans Resources
Rohnert Park, CA
January 27, 2017
8:30am - 5:30pm
Homebuyer Education Workshop
Ventura, CA
February 1, 2017
11:00am - 3:00pm
Veterans Job Fair
Riverside, CA



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www.KeepYourHomeCalifornia.org - 888.954.KEEP(5337)