California Housing Finance Agency’s Two Billion Dollar Program for Foreclosure Prevention

With two billion dollars worth of funding, Keep Your Home California, a program developed by the California Housing Finance Agency (CalHFA), consists of four foreclosure prevention programs that are federally financed as part of the U.S. Treasury Department’s Hardest Hit Initiative. The programs, which were carefully determined after consulting community leaders throughout the state, are more » Read more »

Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program. The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or more » Read more »

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