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National Mortgage Settlement Monitor Issues Implementation Report
On February 21, Joseph Smith, Jr., the Monitor charged with overseeing the borrower relief and servicing standards aspects of the national mortgage servicing settlement, issued an implementation status...
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Housing Counselor Survey Alleges Banks Fail to Comply with National Mortgage...
On April 3, a California borrower advocacy organization published the results of its survey of housing counselors, which the organization claims reveals that problems persist with the implementation of...
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DOJ Announces Payments Under 2011 SCRA Settlements
On April 4, the DOJ announced that two mortgage servicers will pay a combined $39 million to 316 servicemembers pursuant to SCRA settlements from 2011. Those settlement agreements resolved allegations...
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New York AG Plans Suit Over Alleged Violations of National Servicer Settlement
On May 6, New York Attorney General Eric Schneiderman announced his intent to sue two of the five mortgage servicers that entered the National Mortgage Settlement with 49 state attorneys general, the...
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National Mortgage Settlement Monitor Updates Consumer Relief Status
On May 21, the National Mortgage Settlement Monitor, Joseph Smith, released updated consumer relief activities data submitted by the mortgage servicers subject to the Settlement. The update reflects...
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Housing Advocacy Groups Press For National Mortgage Settlement Fair Servicing...
On May 23, a group of 17 housing and advocacy organizations sent a letter to U.S. District Court Judge Rosemary Collyer – the judge presiding over the consent judgments that constitute the National...
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National Mortgage Settlement Monitor Identifies Few Servicing Violations
On June 19, the National Mortgage Settlement Monitor, Joseph A. Smith, Jr., released summaries of the mortgage servicing compliance reports he submitted to U.S. District Court Judge Rosemary Collyer —...
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Senator Warren Presses DOJ on National Mortgage Servicing Settlement...
On August 21, Senator Elizabeth Warren (D-MA) sent a letter to Attorney General Eric Holder raising concerns about the provisions of the National Mortgage Settlement that relate to the government’s...
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National Mortgage Servicing Settlement Monitor Adds Enforcement Metrics
On October 2, Joseph A. Smith, Jr., the Monitor of the National Mortgage Servicing Settlement announced four new metrics his office will use to measure the settling servicers’ compliance with the...
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New York AG Announces Mortgage Servicing Enforcement Actions
On October 2, New York Attorney General Eric Schneiderman (NY AG) announced actions to address alleged failures by two servicers to comply with certain of the 304 servicing standards established by the...
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Bank Holding Company Resolves Federal Mortgage Claims
On October 10, a bank holding company announced that it has agreed in principle, on behalf of itself and certain affiliates, to resolve mortgage-related allegations by the federal government. The...
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National Mortgage Settlement Monitor Announces Interim Credit
On October 16, Joseph A. Smith, Jr., the National Mortgage Settlement Monitor, announced that his office filed with the U.S. District Court for the District of Columbia reports on credited consumer...
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CFPB, State AGs Announce First Nonbank National Servicing Settlement
On December 19, the CFPB and attorneys general for 49 states and the District of Columbia, and a nonbank mortgage servicer, filed a proposed consent order in the U.S. District Court for the District of...
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Banks Complete National Mortgage Settlement Consumer Relief Obligations
On March 18, the National Mortgage Settlement (NMS) Monitor Joseph Smith Jr., announced that four banks subject to the NMS satisfied the consumer relief and refinancing obligations established by the...
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D.C. Circuit Holds Government False Claims Case Not Precluded By National...
On June 10, the U.S. Court of Appeals for the District of Columbia affirmed the district court’s decision not to enjoin the federal government from pursuing alleged False Claims Act violations against...
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Massachusetts AG Launches Webpage for Homeowners Trying to Clear Property Titles
On March 31, the office of Massachusetts AG Maura Healey launched a new webpage designed to help eligible homeowners clear property titles in order to refinance or sell their properties. The webpage...
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