Relevant:
- HUD: Mortgage Settlement Monitor Reports Eight 'Fails' in Bank Testing Results
- Monitor Checking Into Violations of Mortgage Settlement
- Banks report $51 billion in consumer relief in mortgage settlement
- BofA offers 30,000 borrowers $4.75 billion in principal reductions
- HSBC Reaches $470 Million Accord Over Foreclosure Abuses
2013-06-19 — chicagotribune.com
``Under the deal reached in February 2012 with 49 states and federal agencies, banks must implement new servicing rules and stricter oversight of foreclosure processing, provide some consumers cash payments and promise mortgage relief to help borrowers.
Smith tested the banks on 29 metrics to see whether the banks are adhering to the new servicing standards. Ally Financial was the only bank that passed all of them, the report said.''
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