Attorney General Bondi Announces that Mortgage Servicers Report More Than $3.6 Billion in Relief to Florida’s Borrowers

TALLAHASSEE, FL – November 19, 2012 – (RealEstateRama) — Attorney General Pam Bondi announced today that the nation’s five largest mortgage servicers that entered the federal-state settlement over foreclosure abuses and unacceptable mortgage servicing practices report that they have provided more than $3.6 billion in borrower relief to Floridians as of Sept. 30, 2012, with an additional $1.3 billion in modification relief in the pipeline. The servicers reported that 48,998 Floridians have benefitted from an average of $73,663 in relief per borrower. Nationally, the servicers report that more than 300,000 borrowers have received a total of $26.11 billion in relief and an average of $84,385 in relief per borrower.