NATIONAL MORTGAGE SETTLEMENT MONITOR RELEASES REPORT
Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, released a report that outlines details about the settlement, steps his office has taken to implement it and progress made by the five banks that are parties to the settlement to date.
“It has been nearly five months since the settlement went into effect, and I believe it is important to report on our progress,” said Smith. “This report is not required by the settlement and contains information given voluntarily to me by the banks. It is intended to be the basis of a national conversation about the servicers’ efforts to meet their obligations under the settlement.”