Need help with missed mortgage payments in California? Apply soon: Money is running out [Los Angeles Times (CA)]
Federal National Mortgage Association (FNMA)
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Source: Los Angeles Times
The California Mortgage Relief Program offers up to $80,000 to low- and moderate-income homeowners hurt financially by the pandemic who missed mortgage payments, deferred some monthly installments or have overdue property taxes. Having awarded more than $823 million of its $1-billion budget, however, the program could run out of money in a couple of months, state officials say. So far, the program has helped more than 33,500 homeowners across the state, most of whom have incomes at or below their county's median. The aid isn't a loan, but a payment made on the borrowers' behalf to clear their mortgage or property-tax debt so they can keep their home. “When you look at who received those funds, it's been a real success,” said Rebecca Franklin, president of the California Housing Finance Agency's Homeowner Relief Corporation. By using about 75% of the funds to help families earning no more than their county's median income, and 55% of the money in communities that are historically
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FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 4/26/24 - Form 8-K/A
- 4/22/24 - Form 8-K
- 2/22/24 - Form 8-K
- FNMA's page on the SEC website