Homeowners with Government-Sponsored Mortgages not eligible to Reduce Homeowners Negative Equity – yet.
WASHINGTON, D. C. – Earlier this month, a $25 billion settlement was announced for 49 states to help former and current homeowners who have struggled in the wake of the foreclosure crisis, including California. Although five major banks—Bank of America, Wells Fargo, J.P. Morgan Chase, Ally Financial, and Citigroup—are participating in the settlement, homeowners with loans secured by Government-Sponsored Enterprises (GSEs) are not eligible for that assistance. The GSEs, including Freddie Mac and Fannie Mae, own or secure approximately 60 percent of the mortgages in the country.
As we begin 2012, Bilingual Weekly’s newsroom extracted the top 10 most read stories during the last 352 days. Please note that the top 10 stories were not selected by the Bilingual Weekly’s staff, our team ran the http://www.bilingualweekly.com English website’s analytics’ report which evaluates the hits received daily and it ranked each story from the highest number of hits to the lowest ranking in local news coverage. The following stories are briefs of the top 10 stories you, our readers clicked on.