First Take: Initial Report from the Monitor of the National Mortgage SettlementTumblr (3.0; @mortgageoversight)http://mortgageoversight.tumblr.com/The national mortgage settlement, which went into effect April 5, 2012, is a landmark agreement...http://mortgageoversight.tumblr.com/post/29772790427http://mortgageoversight.tumblr.com/post/29772790427Wed, 29 Aug 2012 08:03:38 -0400overview<iframe width="400" height="225" src="http://www.youtube.com/embed/opi0ooyNScI?wmode=transparent&autohide=1&egm=0&hd=1&iv_load_policy=3&modestbranding=1&rel=0&showinfo=0&showsearch=0" frameborder="0" allowfullscreen></iframe><br/><br/><p>Joseph Smith, Monitor of the National Mortgage Settlement, explains why he is releasing this progress report.</p>http://mortgageoversight.tumblr.com/post/30388538571http://mortgageoversight.tumblr.com/post/30388538571Wed, 29 Aug 2012 08:03:17 -0400overviewThe National Mortgage Settlement establishes a number of new rules – or servicing standards – that...http://mortgageoversight.tumblr.com/post/29555063004http://mortgageoversight.tumblr.com/post/29555063004Wed, 29 Aug 2012 08:02:31 -0400Servicing StandardsUnder the settlement, the five banks combined will provide approximately $20 billion in consumer...http://mortgageoversight.tumblr.com/post/29555025440http://mortgageoversight.tumblr.com/post/29555025440Wed, 29 Aug 2012 08:02:08 -0400Consumer ReliefWhen the consent judgments were entered on April 5, 2012, I was officially appointed as Monitor to...http://mortgageoversight.tumblr.com/post/29570366032http://mortgageoversight.tumblr.com/post/29570366032Wed, 29 Aug 2012 08:01:48 -0400Organizational StructureThe settlement establishes a rigorous timeline over a three-year period during which the five banks...http://mortgageoversight.tumblr.com/post/29554954010http://mortgageoversight.tumblr.com/post/29554954010Wed, 29 Aug 2012 08:01:31 -0400TimelineUnder the settlement, I must apply a series of 29 metrics to measure how well the banks are...http://mortgageoversight.tumblr.com/post/29555084217http://mortgageoversight.tumblr.com/post/29555084217Wed, 29 Aug 2012 08:01:19 -0400MetricsEven though I can create more metrics to assess servicing standards, I can’t do that in a vacuum....http://mortgageoversight.tumblr.com/post/29555112430http://mortgageoversight.tumblr.com/post/29555112430Wed, 29 Aug 2012 08:01:00 -0400From the Market Place<img src="http://25.media.tumblr.com/tumblr_m9e2ftnlni1rdqw0uo1_500.png"/><br/><br/><p>Learn more about the servicing standards required by the National Mortgage Settlement.</p>http://mortgageoversight.tumblr.com/post/30281947602http://mortgageoversight.tumblr.com/post/30281947602Wed, 29 Aug 2012 08:00:26 -0400Servicing Standards<img src="http://25.media.tumblr.com/tumblr_m9e4jogRK41rdqw0uo1_r1_500.png"/><br/><br/><p>Click here to view an organizational chart for the Office of Mortgage Settlement Oversight.</p>http://mortgageoversight.tumblr.com/post/30285275952http://mortgageoversight.tumblr.com/post/30285275952Wed, 29 Aug 2012 07:59:24 -0400Organizational Structure<img src="http://24.media.tumblr.com/tumblr_m9e27yfxbE1rdqw0uo1_r2_500.png"/><br/><br/><p>Click here to learn about the relationship between metrics and servicing standards.</p>http://mortgageoversight.tumblr.com/post/30281600031http://mortgageoversight.tumblr.com/post/30281600031Wed, 29 Aug 2012 07:59:00 -0400metrics<img src="http://25.media.tumblr.com/tumblr_m9f4n2fxuI1rdqw0uo1_r10_500.png"/><br/><br/><p>Click here for a full view of a comprehensive timeline of milestones that have and will occur related to the Settlement.</p>http://mortgageoversight.tumblr.com/post/30316401146http://mortgageoversight.tumblr.com/post/30316401146Wed, 29 Aug 2012 07:58:00 -0400timeline<img src="http://25.media.tumblr.com/tumblr_m9f4iepk5R1rdqw0uo1_r1_500.png"/><br/><br/><p>A timeline showing the Office of Mortgage Settlement Oversight’s milestones.</p>http://mortgageoversight.tumblr.com/post/30316294446http://mortgageoversight.tumblr.com/post/30316294446Wed, 29 Aug 2012 01:03:00 -0400Organizational Structure<iframe width="400" height="225" src="http://www.youtube.com/embed/afzH95aSV3I?wmode=transparent&autohide=1&egm=0&hd=1&iv_load_policy=3&modestbranding=1&rel=0&showinfo=0&showsearch=0" frameborder="0" allowfullscreen></iframe><br/><br/><p><p class="MsoNormal">The Monitor of the National Mortgage Settlement shares an update on the servicers’ progress with consumer relief.</p></p>http://mortgageoversight.tumblr.com/post/30069656807http://mortgageoversight.tumblr.com/post/30069656807Wed, 29 Aug 2012 01:01:52 -0400Consumer Relief<img src="http://25.media.tumblr.com/tumblr_m9f451Bb1v1rdqw0uo1_r1_500.png"/><br/><br/><p>Click here to view a timeline depicting consumer relief measurements of the Settlement.</p>http://mortgageoversight.tumblr.com/post/30315987252http://mortgageoversight.tumblr.com/post/30315987252Wed, 29 Aug 2012 01:01:00 -0400Consumer Relief<img src="http://24.media.tumblr.com/tumblr_m9f662SkfA1rdqw0uo1_r1_500.png"/><br/><br/><p>Click here to see a chart about total consumer relief.</p>http://mortgageoversight.tumblr.com/post/30317700187http://mortgageoversight.tumblr.com/post/30317700187Wed, 29 Aug 2012 01:00:18 -0400Consumer Relief<img src="http://24.media.tumblr.com/tumblr_m9f60xPZ4S1rdqw0uo1_r1_500.png"/><br/><br/><p>Click here for a chart describing first lien modifications.</p>http://mortgageoversight.tumblr.com/post/30317576417http://mortgageoversight.tumblr.com/post/30317576417Wed, 29 Aug 2012 01:00:00 -0400Consumer Relief<img src="http://24.media.tumblr.com/tumblr_m9f5ynIs5y1rdqw0uo1_r1_500.png"/><br/><br/><p>Click here to see a completed forgiveness forbearance chart.</p>http://mortgageoversight.tumblr.com/post/30317522993http://mortgageoversight.tumblr.com/post/30317522993Wed, 29 Aug 2012 00:59:42 -0400Consumer Relief<img src="http://25.media.tumblr.com/tumblr_m9f5utfuw01rdqw0uo1_r1_500.png"/><br/><br/><p>Click here to view a completed short sales chart.</p>http://mortgageoversight.tumblr.com/post/30317430557http://mortgageoversight.tumblr.com/post/30317430557Wed, 29 Aug 2012 00:59:26 -0400Consumer Relief<img src="http://25.media.tumblr.com/tumblr_m9f5t2jFuv1rdqw0uo1_r1_500.png"/><br/><br/><p>Click here for a chart describing other programs.</p>http://mortgageoversight.tumblr.com/post/30317389786http://mortgageoversight.tumblr.com/post/30317389786Wed, 29 Aug 2012 00:59:00 -0400Consumer Relief