RALEIGH, N.C. – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, today released a report that outlines the consumer relief activities the five banks that are parties to the Settlement have conducted since March 1, 2012. The banks disclosed that they have extended more than $45.83 billion in gross relief to more than 550,000 borrowers, or roughly $82,668 per homeowner. These figures include active first lien trial modifications as of Dec. 31, 2012, as well as completed relief.

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