No Details Yet on How Bulk of Florida’s $334 Million Fraudclosure Settlement Will be Spent
No details yet on how bulk of $334 million foreclosure settlement will be spent
GOP legislative leaders vowed that $200 million from a mortgage foreclosure settlement will be spent on helping homeowners but said they do not know yet how they will divvy up the money.
“We’re not going to be spending this money on members’ favorite projects that have nothing to do with the crisis. The idea is to focus the resources on helping the people who are in the greatest needs,” House Speaker Will Weatherford, R-Wesley Chapel, said at a press conference Thursday with Attorney General Pam Bondi and Senate President Don Gaetz, R-Niceville.
Weatherford pledged to work with Bondi, who wrangled with the legislative leaders for months over control of Florida’s $334 million settlement made in March as part of a national agreement between attorneys general and the nation’s five largest banks.
“You’ll be hearing from us,” Bondi, standing beside Weatherford, promised.