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The monitor's report covers four of the original parties to the 2012 National Mortgage Settlement—Bank of America, Chase, Citi, and Wells Fargo.
Read More »Final Settlement Test Finds Servicers to be in Full Compliance
Home / Tag Archives: 2012 National Mortgage Settlement
Compensation for Servicemembers Over Illegal Foreclosures Increased to $311 Million
Another $186 million in compensation will be awarded to 1,461 service members and their co-borrowers over the unlawful foreclosure of their homes as part of the Department of Justice's settlement with five of the nation's largest mortgage servicers, according to ...
Read More »Monitor: Ocwen Failed Part of Compliance Test; Internal Review Group Has Improved
In a report filed with the U.S. District Court for the District of Columbia on Thursday, NMS Monitor Joseph A. Smith, Jr., reported the results of the retesting for Q1 2014 and also outlined several actions Ocwen has taken to improve its internal review group (IRG), which Smith has been investigating since May 2014.
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