Nearly five years after the housing bust began, government programs to help those who are underwater on their mortgages, unemployed or unable to make their payments are kicking into gear.
The programs aren't new, but some have recently been adjusted to help more homeowners. Government agencies and lenders also have become more adept at handling pleas for aid, said Diane Richardson, head of Keep Your Home California.
"The programs have evolved over the last year," Richardson said. "We've tried to figure out what's working and what isn't. The changes have made it easier for servicers and borrowers."
Keep Your Home California administers nearly $2 billion in federally funded programs that provide mortgage help to the unemployed and those who have fallen behind on payments, among others.