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Financial Services Law Insights and Observations

National Mortgage Settlement Monitor Announces Compliance Vendors

Mortgage Servicing

Lending

On August 6, Joseph Smith, Jr., the Monitor appointed to implement and oversee the national mortgage servicing settlement, announced the retention of five consulting firms that will assist the Monitor and a primary consulting firm previously retained by the Monitor. Each firm will work with one of the five servicers that are party to the national settlement to ensure execution of the agreement.