Recently, the HUD Secretary Shaun Donovan spoke at the Asian Real Estate Association of America convention at Bellagio regarding how to help American homeowners get back on track. Donovan stated “the $25 billion national mortgage settlement is key to that goal, along with refinancing mortgages and reducing principal for those who are deeply underwater.” Another bill that is currently being reviewed by congress would help homeowners whose loans aren’t backed by Fannie or Freddie Mac or any other government entity. Since the Home Affordable Refinance Program (HARP) was modified in November by President Obama, the number of Nevada homeowners who have applied for mortgage refinancing increased 260 percent helping Nevada fall out of the ranking as Number One in Foreclosures. For the full article please click here and share your opinions with us. How would you be affected by the settlement?