As part of the National Mortgage Settlement (NMS) SunTrust reported its consumer relief activities through the third quarter 2015 under the NMS to Monitor Joseph A. Smith, Jr.

According to this self-reported, gross data, 24,166 SunTrust borrowers have benefited from some type of consumer relief. Of those borrowers, 669 received first lien modification forgiveness totaling approximately $84 million, which, on average, represents about $125,749 per borrower. More than 7,600 borrowers received new loans; these borrowers are either first-time homebuyers, live in hardest-hit areas or previously lost a home to foreclosure or short sale.

This data is self-reported, gross consumer relief. It has not been tested against the Settlement’s crediting formulas.  The Monitor will report on his review of SunTrust’s progress toward its required credited consumer relief in future reports. The Monitor’s most recent report on SunTrust’s credited relief can be found here.

“SunTrust is making progress toward fulfilling its $500 million obligation under the NMS,” said Smith. “This data is gross and self-reported, and my team and I are in the process of testing SunTrust’s credited consumer relief progress.”

SunTrust is required to send these reports to the Monitor, the Monitoring Committee and each state that is party to the Settlement. The state-level data can be downloaded at the links below.