Relevant:
- HUD: Mortgage Settlement Monitor Reports Eight 'Fails' in Bank Testing Results
- It's National Mortgage Servicers Settlement Compliance Day!
- Settlement Monitor Reports on Progress, Servicer Compliance
- Michigan AG questions banks compliance with national mortgage settlement
- Updated Consumer Relief - The Office of Mortgage Settlement Oversight
2013-06-19 — mortgagenewsdaily.com
``In a press release about the compliance reports Smith said, "Over the past six months my team and I have tested the banks' compliance. My testing through the end of last year resulted in three testing fails, and I can disclose five additional fails in 2013. These results demonstrate that the Settlement is allowing us to uncover areas in which more work needs to be done. The banks are now working to correct these errors and will be tested again to determine their level of improvement. ''
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