CalHFA Transfers Servicing on Bank of America Loans

In an effort to improve servicing for borrowers with CalHFA mortgage loans, the California Housing Finance Agency recently secured the transfer of 1,571 single family mortgage loans from Bank of America to CalHFA Single Family Servicing. CalHFA Single Family Servicing will be working with various mortgage assistance programs, including Keep Your Home California, to ensure that their homeowners are able to take advantage of opportunities to remain in their homes. CalHFA will continue to monitor the performance of its Servicers.