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Tag Archives: Settlement Monitor

Settlement Monitor: All Servicers Made the Grade

In his summary of six reports filed with the U.S. District Court for the District of Columbia released on Thursday, Independent Settlement Monitor Joseph A. Smith, Jr. and his team revealed no failed metrics among the servicers that were party to the National Mortgage Settlement in 2012.

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Chase Kicks Off Consumer Relief Obligations

Joseph A. Smith Jr., who also oversees the 2012 National Mortgage Settlement between five major mortgage servicers and 49 states, said Tuesday that Chase has provided more than $6.3 million so far in credited consumer relief, with nearly $5.1 million coming from cuts to borrowers' principal loan amounts and the rest coming from forbearance actions.

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