National Mortgage Settlement Monitor Reports that Nearly 92,000 Floridians Have Received $9.12 Billion in Credited Relief

TALLAHASSEE, Fla. – May 21, 2014 – (RealEstateRama) — National Mortgage Settlement Monitor Joseph A. Smith, Jr. is charged with monitoring the servicers’ compliance with borrower relief requirements and servicing standard reforms under the National Mortgage Settlement. In a court filing earlier this month, he reported that nearly 92,000 distressed Florida borrowers have received $9.12 billion in credited relief as the result of a guarantee that Florida separately negotiated from the National Mortgage Settlement with three of the settling banks. Florida was one of only three states to negotiate such a guarantee with the three largest settling servicers