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Joseph Smith Provides Update on National Mortgage Settlement Consumer Relief Distribution

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 $26.11 billion in gross relief to more than 300,000 borrowers, or roughly $84,385 per homeowner. The full press release can be found here.

The full report can be found here. The Monitor’s state-by-state data map is available here.