patrick.net

Soon after launching a $2 billion statewide mortgage assistance program, the California Housing Finance Agency said Tuesday it would loosen eligibility requirements – allowing owners who used their homes as cash machines during the boom to now receive some help.

...CalHFA decided to help some of those owners – making them eligible for programs that help unemployed people pay their mortgages, pay moving costs for those losing homes and help delinquent borrowers catch up on their payments.

The state is also expanding eligibility to include mortgages originated after Jan. 1, 2009.

...

You're an employed renter? Go f*** yourself.

You're an unemployed "homeowner", who got a cash-out refi? Here! Have some money!

http://www.sacbee.com/2011/04/06/v-print/3530847/california-mortgage-aid-includes.html

#housing