Alert May 28, 2013

Mortgage Settlement Monitor Releases Snapshot on Consumer Relief

The monitor for the National Mortgage Settlement releasedfactsheet of consumer relief from the settlement. The factsheet, which is based on information provided by the five banks party to the National Mortgage Settlement, provides highlights of consumer relief received between March 2012 and March 2013. According to the information provided by the banks, over 600,000 borrowers benefited from some type of relief totaling more than $50 billion. The monitor plans to release a report after testing of the data provided by the banks is complete.