According to the monitor of the national mortgage settlement, Residential Capital, Ally Financial and GMAC Mortgage have collectively exceeded their "consumer relief obligations.”

Collectively, these lenders are required by the monitor to provide $200 million to their distressed consumers “in the form of loan modifications, short sales, principal forgiveness and other forms of relief.”

“Ally has met and exceeded this obligation,” Joseph A. Smith Jr. said in a report filed with the Federal District Court for the District of Columbia.

“After a thorough review,” Smith wrote, he certifies that “Ally has satisfied its minimum consumer relief obligations” providing $257.4 million in credited relief to borrowers across the nation.

In addition, the monitor certified Ally’s “consumer relief credit under this part of the settlement,” following the completion of at least partially the mandatory solicitation requirements assigned by the monitor to the aforementioned Ally lenders.

Smith reserved the right to share with the public more information “about the process through which he made this determination” after the release of the next progress report next week.

The new data will include consumer relief activity information reported by all five banks that are part of the settlement—Ally, Bank of America, Citi, Chase and Wells Fargo—between March 1 and Dec. 31, 2012.

Smith stressed that “Ally, and any successor servicer that purchases Ally’s portfolio” will remain subject to complying with mandatory solicitation obligations and servicing standards, or reforms, outlined by the monitor.

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