Judge Approves $25 Billion Servicing Settlement as Joseph Smith Oversees...
U.S. District Court Judge for the District of Columbia Rosemary Collyer has signed documents and has approved the $25 billion mortgage servicing settlement with the nation's top mortgage servicers,...
View ArticleNational Mortgage Settlement Monitor Announces Its Board of Directors
Joseph A. Smith Jr., monitor of the national mortgage servicing settlement, has announced the Office of Mortgage Settlement Oversight (OMSO) Board of Directors. Smith established OMSO in April 2012 to...
View ArticleU.S. Sen. Shaheen Calls Out BofA on Servicing Practices
U.S. Sen. Jeanne Shaheen (D-NH) has called on Bank of America to improve their service and communication with homeowners receiving relief under the National Mortgage Settlement in a letter sent to Bank...
View ArticleNearly $2 Billion in Homeowner Relief Awarded to Arizona Homeowners Via...
This summer, the Office of Mortgage Settlement Oversight released its first report detailing results of their findings around the five largest servicers’ compliance with servicing standards established...
View ArticleWells Fargo Surpasses Settlement Mandate
Wells Fargo & Co. announced that the company has reported consumer relief and refinance credits totaling $4.4 billion as of June 30, 2013 to the Office of Mortgage Settlement Oversight. Under the...
View ArticleOffice of Mortgage Settlement Oversight to Test Banks With New Servicer...
Joseph A. Smith Jr., Monitor of the National Mortgage Settlement, has announced that the Office of Mortgage Settlement Oversight has issued four new metrics, or tests, to measure the banks’ compliance...
View ArticleOffice of Mortgage Settlement Oversight Releases Progress Report
Joseph A. Smith Jr., Monitor of the National Mortgage Settlement, filed with the U.S. District Court for the District of Columbia interim credit reports on Bank of America, Chase, Citi and Wells Fargo....
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