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STUDIO CITY (CBS) — California is set to receive the largest share of a $25 billion mortgage settlement announced by President Obama earlier this month.

Golden State homeowners will get $18 billion from the deal between the government and five large banks.

Financial expert Jeffrey Harwood CFA, CFP® of Ventura Advisors appeared on KCAL9 News at 8 a.m. to explain who will qualify under the plan.

For more information on the mortgage settlement, visit the State of California, Department of Justice online.

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