foreclosure

Respres

Financial relief provided to Floridians under a mortgage settlement has far exceeded what state officials expected, according to a new national report. More than 120,000 Floridians have received billions of dollars in in aid so far from five major banks.

The report shows much of the roughly $9 billion in assistance has been from lenders forgiving loans or liens to enable home sales. It’s just a piece of the landmark $25 billion settlement that came after an investigation of foreclosure abuses.

Florida Gov. Rick Scott is considering whether to sign a bill meant to speed up the home foreclosure process. But foreclosure lawyers are saying the measure is unfair to consumers, and they’re threatening a legal fight if it becomes law.

After months of back-and-forth talks between the Florida Attorney General’s office and state legislative leaders, the two sides have come to an agreement on how to spend $300 million dollars.The money is Florida’s share of a $25 billion dollar settlement agreement with five of the nation’s largest banks over sketchy foreclosure practices.

Capital Report: 05-11-2012

May 11, 2012

The longtime director of Florida A&M University's famed marching band has resigned. The move comes after the arrest of 11 people in the hazing death of a drum major. It also comes as separate investigations continue into the band’s finances. WFSU sat down with White Friday, a day after the announced he was permanently stepping down. Lynn Hatter prepared this report.

The Florida Supreme Court is considering whether a bank that used fraudulent documents should be allowed to dismiss a case and refile it later with different paperwork.  Regan McCarthy reports the high court is looking into a case that goes back to the robo-signing scandal that overtook Florida a few years ago.

Monday’s meeting of the Florida Senate Judiciary Committee began peacefully enough.  But Tom Flanigan reports things quickly turned tense when members began debating a bill that would change the state’s laws governing foreclosure.

Florida lawmakers are working to pick the state’s sinking housing market back up. One proposal to do that would speed up the judicial process of foreclosures, but Regan McCarthy reports some worry a move like that could strip homeowners of their rights.