New Keep Your Home California TV spots!
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We are excited to announce that we have new TV advertisements running in various media markets throughout California. These new spots are focused on the Principal Reduction Program, which can provide up to $100,000 in assistance to qualifying homeowners who owe more on their mortgage than their home is worth. The spots are airing in English and Spanish and can also be viewed on the KYHC YouTube page. Please see the full list of new spots below and keep an eye out for them when you are watching TV.
- 15 Second Spot - Keep your stability, keep your joy (English / Spanish)
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Keep Your Home California 2014 First Quarter Report Posted
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The 2014 first quarter report to US Treasury was recently posted on the Keep Your Home California website and data from the report was added to the Reports and Statistics webpage. The report details recent progress for Keep Your Home California. Some of the highlights include:
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More funding was provided to homeowners during the first quarter of 2014 than any other quarter since the program's inception.
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The Principal Reduction Program (PRP) saw a 25% increase in servicer participation with the addition of 52 new registered servicers in the past year. There were nearly 600 approved PRP transactions in the first quarter.
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To date, two thousand six hundred fifty five (2,655) homeowners have received secondary assistance from KYHC including one thousand seven hundred five (1,705) homeowners that received UMA program assistance more than once, one (1) homeowner received additional PRP program assistance and nine hundred forty (940) homeowners who received assistance from a unique, second KYHC program.
View full report here .
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Funding
(as of June 18, 2014)
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Programs
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Homeowners Assisted
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Total Amount Distributed
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Unemployment Mortgage Assistance
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30,584
| $391,126,308.12
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Principal Reduction Program
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3,865
| $228,068,505.41
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Mortgage Reinstatement Assistance Program
| 6,257
| $82,935,236.33
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Transition Assistance Program
| 628
| $2,322,943.02
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Total Program
Funds Allocated
| 41,334
| $704,452,992.88
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The team at Keep Your Home California posts a lot of information about the programs on the website and tries to make the webpages as easy to navigate as possible. Each month, we link to several different webpages through the newsletter, but there are still many pages with valuable information that are not regularly included. With that in mind, we wanted to point out a few relatively new and/or lesser known features on the website.
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Keep Your Home California recently added webpages in Mandarin, Korean, Vietnamese and Tagalog to better assist homeowners who speak English as a second language. These pages are accessible by clicking on the language buttons at the top of the Keep Your Home California webpage. The new webpages provide a general description of the program and inform individuals about the translation service that is available when they call. Keep Your Home California will provide a free interpreter that will join the call to help our counselors take applications in the language homeowners are most comfortable speaking. There are also flyers available with more information about the programs and eligibility requirements on each of the webpages.
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For homeowners who are interested in seeing whether they may qualify for a Keep Your Home California program, there is an "Eligibility Quiz" on the website that can help determine if they are candidates for assistance. This quiz consists of eleven questions and will provide results on which programs are options for homeowners based on their responses. The eligibility quiz can be loaded by clicking the "Find out if you qualify link" on the homepage.
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On the News & Media page resource tab we have several videos, blog posts, success stories, recent news, and recent press releases that contain the latest updates about Keep Your Home California. Our videos include the three new TV spots, two PSAs with certified Keep Your Home California counselors, and a nearly seven minute "Welcome" video . The welcome video provides information about the Keep Your Home California application process and a brief overview of all four programs.
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Sometimes life can get a bit out of hand.
Maybe you're dealing with a divorce, extraordinary medical bills or fewer hours and a smaller paycheck at work. Or - as well all know too well in recent years - you're unemployed and looking for work. Read More
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 Sherry C.'s daughter, a mortgage professional, encouraged her to apply for Keep Your Home California. But it wasn't until she saw a Keep Your Home California commercial on television that Sherry picked up the phone and applied for the free mortgage-assistance program. |
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Monthly Question & Answer
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A: Yes, as long as you currently meet the eligibility criteria, you may still be found eligible for assistance through Keep Your Home California. Keep Your Home California is not responsible for determining eligibility for any loan modification program. Only your first mortgage loan servicer can provide approval for a loan modification.
See more frequently asked questions
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Dollar Assistance Provided to Date by County
(as of June 18, 2014)
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