Transparency has become a critical issue for government. It’s a phrase – and practice – Keep Your Home California takes seriously.
In fact, our new website (www.KeepYourHomeCalifornia.org) is all about being transparent.
Whether you’re looking for county-by-county data – including how many homeowners have been helped and money allocated – or quarterly update reports to U.S. Treasury, the new website makes it easy to find. You can even check how many applications are approved or the total dollar assistance provided by quarter.
In short, we want Californians – from cash-strapped homeowners to those critical of government help – to have access to the mortgage-assistance program’s facts and figures. And the numbers are solid.
Keep Your Home California has provided mortgage payment assistance to almost 25,000 homeowners since the $2 billion, federally funded program started in February 2011. Some other facts and figures on the Reports & Statistics page (http://keepyourhomecalifornia.org/quarterly-reports/):
- 98% of homeowners who have received assistance from Keep Your Home California during the past year remain in their homes
- About 25% of homeowners approved for the Unemployment Mortgage Assistance Program have returned to the work force
- About three of every four homeowners enrolled in the program earn less than $50,000; 90% earn less than $69,000
- About 50% of financial help has gone to single- or two-person households (we help everyone, not just families)
- Nearly 120 mortgage servicers participate in the program, including large banks such as Bank of America, Citibank and Wells Fargo
- At least one homeowner from every California county has been helped by the program
So, Keep Your Home California, which offers four mortgage assistance programs, has some impressive numbers to share – and makes it as easy as possible to track the progress.
If you would like more information about Keep Your Home California, check www.KeepYourHomeCalifornia.org (or www.ConservaTuCasaCalifornia.org in Spanish) or call 888-954-5337. The processing center is open 7 a.m. to 7 p.m. weekdays, and 9 a.m. to 3 p.m. Saturdays. Calls can be accommodated in virtually any language.