Bill Nelson requests federal probe of Florida's mortgage assistance program

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Bill Nelson requests federal probe of Florida’s mortgage assistance program

Bill Nelson requests federal probe of Florida’s mortgage assistance program

Orlando Weekly –

After a Tampa Bay Times story last week shed light on Florida’s Hardest Hit Fund, U.S. Sen. Bill Nelson is asking for a federal investigation into the mortgage assistance program.

The Times’ story reports tens of thousands of Florida homeowners are still waiting for help. The $7.6 billion fund was created by the Treasury Department to help homeowners in Florida and 17 other states avoid losing their homes during the recession.

“Only 20 percent of the 116,000 people who have applied have received help while nearly half of Florida’s $1 billion share of Hardest Hit funds remains unspent,” the Times reports. “If Florida fails to distribute the money by the end of 2017 — less than two years away — those funds will no longer be available.”

[ORLANDO WEEKLY]

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One Response to “Bill Nelson requests federal probe of Florida’s mortgage assistance program”

  1. crittermom says:

    Sounds like it’s working just like all the TARP funds. Read the report by SIGTARP sent to Congress late August 2015 where they discovered up to 84% of us were denied modifications & lost our homes under programs using TARP funds.
    The banks claim they’re overwhelmed with applications (so millions were denied modifications without the banks ever processing their applications). So why don’t they hire more employees? They can certainly afford it since they’re now worth 6 times more than when we “bailed” ’em out.
    Could it be they want all the money AND the profit from our homes? Duh?
    WAKE UP GOVT!

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