Florida Attorney General Pam Bondi announced her office's intention to allocate $300 million from national mortgage settlement funds distributed to the state.
The majority of the funds will be used to help distressed homeowners and fund housing initiatives that provide down payment assistance and foreclosure relief for borrowers.
This distribution is in addition to the $7.5 billion in relief already allotted to Florida homeowners from the $25 billion national mortgage settlement. The settlement was reached by state AGs and the nation's largest mortgage servicers to settle robosigning and foreclosure handling issues.
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