The multi-billion dollar mortgage servicing settlement between banks, state attorneys general and regulators proved to be a windfall for states, but not so much for homeowners.
Texas is the latest state to consider diverting funds from the settlement to cover general spending that's not housing related, the Dallas Morning News reports.
Apparently, Texas received $134 million from the settlement, but has yet to use any of the funding to pay for housing counselors or assistance for families facing foreclosure.
This development, no matter how controversial, is not new.
Last year, the New York Times ran a story suggesting a few states wanted to use the funds to cover budget shortfalls.