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consider the plight of "underwater" homeowners that are NOT backed by Fannie Mae/Freddie Mac.

Created by A.C. on October 24, 2011

In Nevada today October 24, 2011, the President is rightly focusing on expediting available assistance to distressed homeowners. However, the federal refinancing program only covers mortgages created before June 2009 and owned or backed by government-controlled mortgage buyers Fannie Mae and Freddie Mac. Borrowers also must be current on their payments. There are millions of sufferers whose mortgages do NOT fall into these categories of servicing agencies. What about those left out?

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