Relevant:
- Should States Use Settlement Money for Deficits or Housing? Oh, So What and Who Cares? - Mandelman Matters
- Foreclosure Settlement A Budget Godsend For Some States
- $25B deal with banks over deceptive foreclosure practices sent to AGs as settlement nears
- Principal reduction plan for struggling homeowners could be part of settlement between lenders and states
- Missouri Governor to Divert Mortgage Settlement Funds to Non-Housing Issues
2012-05-22 — propublica.org
States have diverted $974 million from this year's landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That's nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement.
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