General World News

California HAF requirements extended in bid to entice more beneficiaries

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021.

The relief — which is available to reverse mortgage borrowers — is designed to assist anyone who has fallen behind on their mortgage payments due to the economic shock of the COVID-19 pandemic. A lack of awareness of the program’s existence, however, is one factor that led to its extension, according to the Los Angeles Times.

“[H]omeowners haven’t exactly beaten down the state’s doors for the free help details ⇒

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