June 21, 2013

Protecting Responsible Homeowners by Holding Mortgage Lenders Accountable

On June 19th, Joseph A. Smith, the Monitor of the National Mortgage Settlement, released a report which stated that the nation’s largest mortgage servicers have failed eight of the servicing standards listed in the National Mortgage Settlement. The Monitor’s testing through the end of last year resulted in three testing fails, and there have been […]

cont
May 21, 2013

National Mortgage Settlement Provides Relief for more than 620,000 Homeowners, Including Vinel Cooper in Pennsylvania

Written by:

The nation’s largest mortgage servicers have distributed $50.63 billion in direct relief to over 620,000 homeowners, or roughly $81,000 per homeowner as part of the National Mortgage Settlement, according to a progress update released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Over one year ago, the Department […]

cont
December 3, 2012

Settlement Success Story: Jocelyn Harris

Written by:

Jocelyn Harris is a mortgage broker from Delray Beach, Florida. In 2006, during the housing boom, she purchased her first and only family home for $250,000. At the time, she had a steady income and she and her husband were able to easily pay the mortgage. In 2008, the economy took a turn for the […]

cont
November 20, 2012

Settlement Success Story: Jose Machin

Written by:

In 2000, Jose Machin was living the American dream. He purchased his first home in West Palm Beach, Florida with his wife Estephanie. It cost them $61,000 with mortgage payments of $780.60 per month. Jose and his wife were both gainfully employed and never missed a mortgage payment. Then, sadly, their daughter was diagnosed with […]

cont