BANKS’ GROSS RELIEF TOPS $45 BILLION IN ONGOING NATIONAL MORTGAGE SETTLEMENT

DENVER – February 26, 2013 – (RealEstateRama) — Attorney General John Suthers today localized the latest report by Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement outlining the consumer relief activities the five banks that are parties to the settlement have conducted since March 1, 2012. The banks disclosed that they have extended more than $45.83 billion in gross relief to more than 550,000 borrowers. These figures include first and second lien modifications, facilitations of short sales, refinancing and other forms of relief. In Colorado, 6,277 consumers have received almost $358.0 million and benefitted from an average of $57,000 per homeowner.