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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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The Unemployed Mortgage Assistance Program


In January, 2011 a new program was rolled out called The Unemployed Mortgage Assistance Program. This program is designed to assist California homeowners who lost their jobs and are currently unemployed.  The California homeowner can apply for up to $3,000.00 a month in monthly mortgage assistance.  This program is for low to moderate income families who have suffered a hardship of job loss, illness, disability, or death in the family. For a homeowner to qualify their lender has to agree to participate in the program. There are going to be three more programs that will be rolled out shortly, but it is unclear when the exact date will be. The names of these upcoming programs are "The Keep your home imitative Program," "Mortgage Reinstatement Assistance Program",  and "Principal Reduction Program."