National mortgage settlement provides $45 billion in homeowner relief

Analysis of Ongoing Implementation, the Report of the Monitor of the National Mortgage Settlement March 19, 2013 CRL Policy Brief On February 21, 2013, Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, released his third report, Ongoing.

SunTrust Mortgage. billion to settle charges by state and federal agencies that it mistreated homeowners who were struggling to save their homes. As part of the settlement announced today, the loan.

The nation’s largest mortgage servicers have distributed $45.83 billion in direct relief to over 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight.

Under the $25-billion settlement, servicers were required to provide $20 billion in relief to consumers, with different types of relief getting different amounts of credit toward that figure. Because the servicers get less than a dollar’s worth of credit for each dollar in relief, consumers have received more than $20 billion in relief.

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ALBANY – A $5 billion. provide "significant community-level relief to New Yorkers" that includes an expansion of the state’s Mortgage Assistance Program, which lets distressed homeowners.

$25 Billion Agreement Provides Homeowner Relief & New Protections, Stops Abuses. At least $3 billion will go toward refinancing loans for borrowers who are current on their mortgages but who owe more on their mortgage than their homes are worth. Borrowers who meet basic criteria will be eligible for the refinancing,

HSBC yanks massive PHH mortgage servicing portfolio All mortgage loans held by branches involved in the transaction will transfer to First Niagara, which has its own mortgage processing and servicing arrangements. PHH Mortgage will provide HSBC with mortgage originations processing services as well as sub-servicing of the bank’s prime mortgage loan portfolio and serviced for others portfolio.

The original 2012 national mortgage servicing settlement with the nation’s five largest mortgage lenders provided more than $1.36 billion in relief for more than 17,300 Maryland borrowers.

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Banks’ Gross relief tops billion joseph smith provides update on national mortgage settlement consumer relief distribution through Dec. 2012 RALEIGH, N.C. – 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.

 · Mortgage industry fights to keep 3.5% down payments Down Payment Assistance is Working 3.3.2013. By: Mari Takeshita – Cherry Creek Properties & Sharon Campbell – Guild Mortgage YOU DON’T NEED 10 %-20% DOWN PAYMENT TO BUY A HOME!. Down payment assistance programs grant or loan all or a portion of the 3.5% down payment required.