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Another Settle Multi-Million Dollar Mortgage Settlement

January 31st, 2013 by flanews

Florida is reaping the benefits of yet another mortgage settlement.

Last year Florida cut an eight billion dollar deal with the nation’s five largest banks over shady lending practices. Today Attorney General Pam Bondi announced another settlement. This time Florida’s cut is 8.6 million dollars. Bondi’s office headed up the investigation that led to the settlement with Jacksonville based Lender Processing Services over its robo-signing practices.
“All these robo-signings that were going on, they were absolutely ridiculous at the height of our foreclosure crisis and they are being held accountable. We are very, very pleased about the settlement and Florida gets a very large portion of that money,” said Bondi.

The total settlement is 120 million dollars. It’s being divided among 46 states and the District of Columbia.

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