Florida's Mortage Bailout Assistant Fund Being Investigated By Federal Government
Washington, D.C. -
The Treasury Department has said that it will investigate the Florida Hardest hit Fund, the U.S. Treasury Dept paid the fund $1 billion to be used to help homeowners during the mortgage crisis, but an investigation by the 'St. Petersburg Times' found that only about 15% has been used.
Florida Gov. Rick Scott was hesitant to accept the money when it became available. When the St. Petersburg Times report was published, Sen. Bill Nelson, D-Florida, called on the U.S. Treasury to investigate.







