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Monitor Report: 643,000 Borrowers Received Over $51 billion in Benefits

September 6, 2013
Mortgage Lending

In this analysis of the fifth report by the Monitor of the National Mortgage Settlement, the Center for Responsible Lending concludes that borrowers have benefitted from more transparent oversight of the negotiated servicing practices by participating banks. With more than $51 billion in gross benefits have been provided to 643,000 borrowers, CRL also poses questions on outstanding items.