Tag Archive for state budget

Georgia misappropriating mortgage settlement funds to attract corporations.

Instead of using national mortgage settlement funds to relieve homeowners still struggling in the wake of the housing crisis, Georgia has decided to use nearly $100 million from this fund to attract businesses in rural areas — far from the Atlanta-metro area experiencing the vast majority of foreclosures.

Georgia joins fifteen states who plan to misappropriate national mortgage settlement money for purposes other than helping alleviate widespread mortgage fraud. Will they get away with this?


From The Huffington Post

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