TALLAHASSEE, Fla. (AP) - Religious community groups are urging Attorney General Pam Bondi to take a tougher stance on a proposed settlement with the nation's five largest mortgage lenders over deceptive foreclosure practices.
A pair of ministers and an evicted former homeowner delivered a letter and held a news conference outside Bondi's office Monday in Tallahassee.
They contend the proposed $25 billion national deal that Bondi supports doesn't go far enough. They say that's because the negative equity on homes in Florida alone is $120 billion.
A Bondi spokeswoman said in an email that their concerns are "misguided" because the settlement would provide a historic level of money relief and will reform the mortgage industry.
The settlement is expected to provide $1,800 each for about 750,000 families across the country.
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