FOR IMMEDIATE RELEASE
December 13, 2017

Contact:
Valerie Procopio
919-508-7821

NMS Monitor: SunTrust fails Metric 4 in all four quarters of 2016 but has no fails in first half of 2017
Joseph Smith reports on SunTrust’s consumer compliance results

RALEIGH, N.C. – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement (NMS), reported today that SunTrust failed Metric 4 in each of the four quarters of 2016, but did not fail any compliance metrics tested during the first half of 2017.

SunTrust passed Metric 4 during the cure period (Q2 2017) and is continuing to implement its Metric 4 remediation plan to correct past fails. The servicer completed its Metric 8 remediation plan and passed the metric during the cure period (Q2 2017).

“SunTrust continues to make progress under the NMS,” said Smith. “I will continue to monitor SunTrust’s consumer compliance obligations and will report my findings to the Court and the public in the future.”

Smith’s past reports can be found on his 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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