Attorney General Pam Bondi’s Statement on the Passage of Legislation Relating to National Mortgage Settlement Funds in the House Appropriations Committee

TALLAHASSEE, FL – March 21, 2013 – (RealEstateRama) — Attorney General Pam Bondi released the following statement on the passage of legislation relating to the remaining $200 million of the National Mortgage Settlement in the House Appropriations Committee.

“I appreciate the House’s work on this legislation, and I will continue to work with the Legislature on our shared goal of ensuring that the mortgage settlement funds are used to address Floridians’ housing needs and to remedy the effects of the foreclosure crisis in our state.”

Last year, Florida entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. The agreement holds banks accountable, provides substantial relief to struggling Florida homeowners, and ensures that Floridians get their fair share of the relief being provided nationally. In February, Attorney General Bondi announced that Floridians have received more than $8.3 billion in relief under the national mortgage settlement, as reported by the five largest mortgage servicing banks that are parties to the settlement.

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