Florida AG and lawmakers commit $260M...

Florida AG and lawmakers commit $260M bank settlement to help homeowners

There are 3 comments on the Business Journal story from Nov 2, 2012, titled Florida AG and lawmakers commit $260M bank settlement to help homeowners. In it, Business Journal reports that:

Florida Attorney General Palm Bondi has come to an agreement with the leaders of the Florida Legislature to use $260 million of the national mortgage settlement from big banks for homeowner relief in the state.

Join the discussion below, or Read more at Business Journal.

Jesse

UK

#1 Nov 3, 2012
Oh that'll help. $260m isn't even a drop in the bucket.

“Reverse mortgage loan Texas”

Since: Sep 12

Kingwood, TX

#4 Nov 27, 2012
Most of those funds were allocated by banks directly to affected borrowers, such as for modifications and direct payments. Yet,$334 million was set aside for Florida to decide how to use.

Initially,$34 million of that was committed to the state’s general revenue fund. After meeting with Florida Senate President-designate Don Gaetz (R-Niceville) and Florida House Speaker-designate Will Weatherford (R-Wesley Chapel), Bondi agreed that another $40 million would go to general revenue.

The rest of the money will help homeowners. Bondi said $60 million will be used for down payment assistance, foreclosure-related legal assistance, improving case flow in state courts and enforcement efforts by her office.

Another $200 million will be used for foreclosure prevention, neighborhood revitalization, affordable housing, home buyer or renter assistance, legal assistance, counseling and other housing-related programs.

Since: Nov 12

Davao City, Philippines

#5 Sep 7, 2014
nice thread. thanks for sharing that information. it was very informative.
[url=http://www.legacylegal.co m/credit-education/credit-topi cs/utah-credit-repair.asp]Utah Credit Repair[/url]

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Financial Services Discussions

Title Updated Last By Comments
News San Antonio Anna's Linens stores are going out ... Thu bannkelly 1
News Goldman called clients 'muppets,' ex-executive ... (Mar '12) Thu swedenforever 96
Need loan shark immediately Sep 2 Andrea Westington 3
Alfa One Corporation Complete Accounting Solutions Sep 1 Anonymous 1
News Trouble at the top for Hudson City Savings Bank (Nov '10) Aug 31 billc793 19
long island teaching jobs and nepotism (Aug '07) Aug 27 noodles 107
News Exxon Mobil Report Fuels Panic on Street (Jul '07) Aug 26 Human 80
More from around the web