AP News

23,000 Floridians benefit from mortgage settlement


TALLAHASSEE, Fla. (AP) — An interim report says more than 23,000 Floridians have received about $1.7 billion so far from a settlement with the nation's five largest mortgage servicers.

It's only a fraction of an estimated $8 billion expected to be paid to Florida homeowners and borrowers as compensation for foreclosure abuses by lenders.

A national monitor issued the report on the $25 billion settlement Wednesday. The payments in Florida so far average about $74,000.

Attorney General Pam Bondi said she' pleased with progress made so far but promised to ensure that mortgage servicers carry out their agreement.

The state also has received $334 million. Of that, $33.5 million went into the state treasury as a civil penalty. No decision has yet been made on what to do with the rest.


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