Items Tagged with 'National Mortgage Settlement Monitor Joseph Smith'

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  • SunTrust back in compliance with National Mortgage Settlement servicing rules

    Remedies failure of one metric
    SunTrust is back in compliance with all of the servicing requirements of the National Mortgage Settlement, the settlement’s monitor said in a report published early Tuesday. Joseph Smith, the monitor of the National Mortgage Settlement, said in the report that SunTrust did not fail any compliance metrics that his team tested during the second half of 2017.
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  • Ocwen responds to National Mortgage Settlement foreclosure holds

    Ocwen: These holds are not 'frozen foreclosures'
    Early Thursday morning, Joseph Smith, the monitor of the National Mortgage Settlement, announced that Ocwen Financial was not in compliance with one of the performance metrics of the National Mortgage Settlement and prohibited the nonbank from taking foreclosure actions on more than 17,000 loans. In a lengthy reply, Ocwen responded to Smith's office and the nature of the sanctions that Smith's office placed on it.
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