KeepYour HomeCalifornia | Newsletter

2017 Year in Review
In 2017, Keep Your Home California made significant progress in providing the available free mortgage payment assistance to homeowners across the state . By the end of the year, over 9,200 households received assistance from one of the five programs. In total, $332 million in assistance was provided to California homeowners struggling with their mortgage payments. Below are some of the highlights from 2017, as well as a funding comparison for each program from 2016 to 2017.
  • Provided $332,618,942 in funding to 9,263 households.
  • Released an updated Economic Impact Report showing that through 2016, the program preserved $3 billion in economic activity, including $1.4 billion in property value, over 9,800 jobs for $536 million in labor income, and $98.7 million in tax revenue. Overall, the program has a 2.0 multiplier meaning for every $1 of assistance provided, $2 of economic activity is preserved.
  • Participated at 208 community outreach events across the state.
  • Partnered with the California Employment Development Department (EDD) to send out nearly 1.1 million Unemployment Mortgage Assistance Program flyers to unemployed Californians.
  • Surpassed $1.9 billion in funding provided to homeowners who qualified for Keep Your Home California assistance, since program inception.
  • Exceeded 90% of total available program funds allocated to California homeowners. The amount of Keep Your Home California funding provided and remaining is updated weekly on the Reports and Statistics webpage.
  • Successfully completed the Reverse Mortgage Assistance Pilot Program as a result of all program funds being provided to qualifying homeowners. The program helped senior homeowners at-risk of foreclosure reinstate their past-due property expenses. The pilot program stopped accepting applications on November 30, 2017.
Funding Comparison :


The team at Keep Your Home California is always evaluating ways to improve the program so we can continue to help Californians avoid as many preventable foreclosures as possible. As we enter the new year, we are committed to finding innovative ways to enhance the program and look forward to more exciting developments in 2018.  

Keep Your Home California featured on Sacramento Radio Program   
Keep Your Home California Marketing and External Affairs Director Steve Gallagher was featured on the Sacramento area radio program "The Public File" with host Doug Thomas to provide an update on recent Keep Your Home California program changes and let listeners know more about the available assistance.

Click here to listen to the complete interview.
(as of Jan. 29, 2018)

Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
Principal Reduction Program
Mortgage Reinstatement Assistance Program
Reverse Mortgage Assistance Pilot Program
Transition Assistance Program
Total Program
Funds Allocated
Call Center Closed on February 19
In observance of Presidents Day, the Keep Your Home California call center will be closed Monday, February 19, 2018. Regular business hours will resume on Tuesday, February 20.

You can find a complete list of the dates the call center is closed on our Before You Call webpage.

Recent Blog Post:

Got an adjustable-rate mortgage with a hard-to-make payment? Keep Your Home California and your mortgage servicer could help - and likely save you money
Adjustable-rate mortgages are so 2008. You know, when the housing boom went bust, leading to more than 1.1 million California households to enter foreclosure.

But guess what? As many as 10% of California homeowners still have adjustable-rate mortgages, according to industry experts.

Now, adjustable-rate mortgages aren't necessarily bad financial tools. They allow some home-shoppers to qualify for loans and become homeowners, and much-tougher regulations have reduced their risk and volatility in recent years.

But when adjustable-rate mortgages were coupled with subprime mortgages - higher-risk, lower lending standard loans - during the housing boom, they created some major trouble. In fact, about 90% of subprime mortgages were adjustable-rate loans in 2006, compared to a historic average of only 8%, according to mortgage experts.

The combination created a hard-to-imagine and impossible-to maintain situation. It was like bloated water balloons being tossed higher and higher, they were eventually bound to burst when they hit your hands.

And they did for many homeowners, as payments increased as part of the mortgage meltdown.

Read More    
Success Story: Rob B.
'It was a feeling of relief'

Rob. B is like many of the more than 1 million Californians who have been laid-off during the past several years.

But he was fortunate that his former employer hired an outplacement firm to assist affected employees and encouraged them to apply for jobless benefits right away - and look into Keep Your Home California.

"Because of how I learned about it, there was already some sense of legitimacy," says Rob, who lives in the Bay Area. "But I still researched the program to make sure it was legit."

Soon after the advice from the outplacement counselor, Rob applied for the free mortgage-assistance program in late-summer 2016,

Read More
Monthly Question & Answer

Q: May I use my own appraisal to determine the value of my home for Keep Your Home California benefit assistance?
A: No, Keep Your Home California is responsible to determine the value of your home when it calculates benefit assistance in conjunction with the Principal Reduction Program (PRP).

See more frequently asked questions 

Water Saving Tips

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.
Upcoming Events 
February 1, 2018
11:00am - 3:00pm
Veterans Job Fair
Riverside, CA
February 3, 2018
8:30am - 4:30pm
Homebuyer Education Workshop
Oxnard, CA
February 3, 2018
2:00pm - 5:00pm
Foreclosure Prevention Event
Riverside, CA
February 17, 2018
8:30am - 5:30pm
Homebuyer Education Workshop
Ventura, CA
February 17, 2018
8:00am - 4:30pm
Homebuyer Education Workshop
Los Angeles, CA
February 17, 2018
8:30am - 4:30pm
Homebuyer Education Workshop
Oxnard, CA
February 21, 2018
9:00am - 5:00pm
Homebuyer Education Workshop
Riverside, CA
February 21, 2018
5:00pm - 6:30pm
Home Retention Clinic
Los Angeles, CA
February 24, 2018
9:00am - 5:00pm
Homebuyer Education Workshop
Riverside, CA
February 24, 2018
9:00am - 5:00pm
Homebuyer Education Workshop
National City, CA
February 24, 2018
10:00am - 4:00pm
Free Mortgage Help
Pomona, CA

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