AG Kilmartin Reports on National Mortgage Settlement Progress

WASHINGTON, D.C. – August 22, 2013 – (RealEstateRama) — The fifth and final progress report made by the five mortgage service providers and attorneys general nationwide under the National Mortgage Settlement (“the Settlement”) was released today by Attorney General Peter F. Kilmartin and Settlement Monitor Joseph P. Smith. The data included in the report indicates that nationally the banks have or soon will meet their consumer relief obligations under the Settlement, providing 643,726 borrowers some type of consumer relief totaling $51.33 billion, which, on average, represents about $79,742 per borrower