FOR IMMEDIATE RELEASE
Tuesday, March 14, 2017

Contact:
Hannah Harrill
919-508-7821

NMS Monitor reports HSBC fulfills consumer relief obligation
Joseph Smith reports on HSBC’s consumer relief through the third quarter of 2016

RALEIGH, N.C. – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement (NMS), reported that HSBC has provided more than $371 million in consumer relief that fulfills the company’s consumer relief obligation under the NMS.

“HSBC has completed its consumer relief obligation under the NMS,” Smith said. “In total, HSBC has provided more than $371 million in consumer relief and helped more than 11,000 borrowers. I will continue to monitor HSBC’s compliance with the servicing standards under the NMS and will report my findings later this year.”

Smith’s report is a summary of a report he filed with the Court. This summary includes HSBC’s consumer relief through Sept. 30, 2016. This report, as well as past reports, can be found on Smith’s website, www.mortgageoversight.com.

About the Office of Mortgage Settlement Oversight
More information about the National Mortgage Settlement is available at www.nationalmortgagesettlement.com. Further information about Joseph Smith and the Office of Mortgage Settlement Oversight is available at www.mortgageoversight.com.

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