Monitoring the National Mortgage Settlement

The Office of Mortgage Settlement Oversight assists Joseph A. Smith, Jr. in monitoring the participating servicers’ obligations to provide relief to distressed borrowers and adopt new mortgage servicing standards.

Learn more about the Settlement
Recent Report

Most Recent Report

Ocwen Second Interim Update
The report includes results from the Monitor’s retesting of work completed during the first quarter of 2014 as a result of his lack of confidence in Ocwen’s internal review group (IRG) and outlines several actions Ocwen has taken to improve its IRG.

The Latest

The Monitor released a report of his continued review of Ocwen's compliance. He continues to review and validate the banks’ compliance with the Settlement’s servicing standards and will issue his next report in the coming weeks.