Steak-n-Shake Coupons
  9911 Seminole Blvd. Seminole, FL 33772       Ph. 727-397-5563   View TBN's FREE e-Edition today!  
Click here to learn more
Front Page
100,000 Floridians receive mortgage relief
Article published on Thursday, Feb. 21, 2013
  Print E-Mail
Officials announce that more than 100,000 Floridians have received more than $7.7 billion in relief under the national mortgage settlement.
TALLAHASSEE – Attorney General Pam Bondi announced Feb. 21 that Floridians have received more than $8.3 billion in relief under the national mortgage settlement, as reported by the five largest mortgage servicing banks that are parties to the settlement.

According to the Settlement Monitor’s report released Thursday, more than 100,000 Floridians have received more than $7.7 billion in relief, with an additional $600 million in loan modifications underway.

The report that Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, released outlines the consumer relief activities the five have reportedly conducted since March 1, 2012.

“According to this report, more than 100,000 Floridians have benefited from $8.3 billion in relief—more than 18 percent of the total relief provided nationally,” Bondi said. “We will continue to closely monitor the banks’ compliance to ensure that Floridians receive the full benefits of the relief afforded under the settlement.”

The banks disclosed that, nationally, they have extended more than $45 billion in gross relief to more than 550,000 borrowers. These figures include active first lien trial modifications as well as completed relief. This relief is in addition to and separate from the payments to foreclosed borrowers, which are expected to be mailed to eligible claimants in mid 2013.

While this report covered homeowner relief provided under the settlement, future reports will include crediting for consumer relief activities of some or all of the banks and will include information about the banks’ compliance with the servicing standards, or reforms. The compliance reports are expected later this year.

Homeowners can obtain more information about the National Mortgage Settlement by visiting the Attorney General’s Office website at or the National Mortgage Settlement website at

Further information about Joseph Smith and the Office of Mortgage Settlement Oversight is available at

Follow this link to view full report:$file/Ongoing+Implementation+FINAL.pdf
Article published on Thursday, Feb. 21, 2013
Copyright © Tampa Bay Newspapers: All rights reserved.
Printable Version E-mail article
Featured Print Advertisers
Oakhurst & East Bay Medical
13020 Park Blvd., Seminole
(727) 393-3404
3800 East Bay Dr., Largo
(727) 539-0505

Web site        View Ad
Custom Couture of Clearwater
(727) 735-8407
By appointment please.

Web site        View Ad
Abbey Carpet & Floor of Largo
13120 66th St. N.
(727) 524-1445

Web site        View Ad
Florida Center for Back & Neck Pain
Dr. Greg Hollstrom
11444 Seminole Blvd.
(727) 393-6100

Web site        View Ad
Flooring America of Seminole
9012 Seminole Blvd.
(727) 397-5509

Web site        View Ad
NuSmile Dental
13611 Park Blvd., Suite G
(727) 475-7866

Web site        View Ad
Tampa Bay Newspapers
Online Advertising
For information, e-mail
Online Services Directory
TBN 27/7
Tampa Bay Newspapers
9911 Seminole Blvd.,
Seminole, FL 33772
Phone: (727) 397-5563
Fax: (727) 397-5900
Submit News