Wisconsin will use a chunk of its $140 million share of a national settlement over foreclosure and mortgage-servicing abuses to help the state budget rather than assist troubled homeowners, Gov. Scott Walker and state Attorney General J.B. Van Hollen said Thursday.
I think it’s an absolute travesty that instead of using all of Wisconsin’s settlement over foreclosure and mortgage-servicing abuses to help homeowners who still may be struggling to stay in their homes, Gov. Walker is going to use that money to fix a gaping hole in the state budget that he has said time and time again was balanced.
Milwaukee has been absolutely devastated by predatory lending practices, with more than 20,000 foreclosure actions started on Milwaukee property owners since 2008, and Scott Walker’s decision to spend tens of millions of dollars of this settlement fixing the hole in his state budget rather than assisting struggling homeowners shows how little Gov. Walker cares for folks who are struggling.