Published: Oct 13, 2010 5:16 PM EDT
Updated: Oct 13, 2010 2:16 PM EDT

TALLAHASSEE, Fla. (AP) - Attorney General Bill McCollum says Florida will have a lead role in a foreclosure investigation by 49 states.

Attorneys general in those states Wednesday announced they jointly will look into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.

McCollum said his office will serve on an executive committee with those of the attorneys general of 11 other states and banking regulators from Maryland and New York.

The Florida Office of Financial Regulation also is participating in the 49-state investigation.

Alabama is the only state not involved.