The Monitor’s reports are prepared to keep you – the public – informed of Credit Suisse’s progress and consumer relief activities under the settlement.Download the Latest Report
Monitor's Third Report
The Monitor’s Third Report describes the Monitor’s review of an initial sample of 100 completed principal forgiveness and principal forbearance loan modifications submitted by Credit Suisse, and sets forth the Monitor’s conclusion that all 100 of those modifications are eligible for credit in the amounts claimed by Credit Suisse. The Third Report also provides an update on Credit Suisse’s efforts to comply with other requirements of the settlement, including a discussion of the first two borrower outreach events held by Credit Suisse in 2018.
Monitor's Second Report
The Monitor’s Second Report provides an update on Credit Suisse’s efforts to earn consumer relief credit since the publication of the Monitor’s Initial Report, including a discussion of Credit Suisse’s borrower outreach event in Carle Place, New York.
Monitor’s Initial Report
The Monitor’s Initial Report outlines Credit Suisse’s plan to fulfill its obligation under the settlement to earn $2.8 billion in consumer relief credit by modifying home mortgage loans and providing funding for affordable housing. To help borrowers understand the settlement and how it could benefit them, the report explains how RMBS work and provides straightforward descriptions of the types of loan modifications Credit Suisse plans to provide to borrowers, illustrated by examples of how these loan modifications will work in practice.