MortgageOversight

Updates from Joseph A. Smith, Jr., the independent monitor of the National Mortgage Settlement

Joseph A. Smith, Jr. was appointed Monitor of the National Mortgage Settlement on April 5, 2012 by a bipartisan group of 49 state attorneys general, the U.S. Federal Government and the nation’s five largest mortgage servicers. In this role, Smith oversees the banks’ compliance with the 304 servicing standards, or reforms, laid out in the settlement. He also oversees and credits the servicers’ distribution of more than $20 billion in relief to homeowners. Smith’s appointment is for a three-and-a-half year term.

On November 19, 2013, Smith was appointed to monitor the consumer relief obligations included in the $13 billion settlement between the United States Department of Justice and JPMorgan Chase. In his role, Smith oversees Chase as it distributes $4 billion in credited consumer relief.

Learn more at jasmithmonitoring.com.