Monitor's Reports
The Monitor releases three types of reports under the National Mortgage Settlement:
- Consumer relief reports address the bank's relief and refinancing activities
- Compliance reports measure each bank's progress in complying with the servicing standards, or rules of conduct, set forth by the Settlement
- Court reports are filed by the Monitor to the United States District Court for the District of Columbia (the Court) regarding the consumer relief or compliance requirements of the Servicer’s obligations under the Settlement
All Reports
Consumer Relief
Compliance
Court Reports
16
DEC
2014
Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement released an update on Ocwen’s $2 billion in first lien principal reduction obligation. Ocwen self-reported that it has completed $1.5 billion to borrowers through September 30, 2014. This is the first update on Ocwen’s consumer relief progress, and the Monitor has not yet credited these numbers. The Ocwen consumer relief data can be found here.
14
MAY
2014
Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, filed his third set of compliance reports with the United States District Court for the District of Columbia.