Posts tagged "lisa madigan"

What Will Illinois' $1B Robo-Signing Settlement Mean For You?

What Will Illinois' $1B Robo-Signing Settlement Mean For You?
Probably nothing, yet. But it does provide some hope for a large number of Illinois residents who owe more than their mortgage is currently worth. Last week, Illinois joined several other states in a $25 billion settlement with five leading lenders: Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Bank, formerly GMAC. Illinois... Read more »

Madigan Joins National Mortgage Fraud Unit

Madigan Joins National Mortgage Fraud Unit
Illinois Attorney General Lisa Madigan on Jan. 27 formally joined a national team tasked with holding lenders more accountable for acts that led to the country’s housing crisis. The group, President Obama‚Äôs Financial Fraud Enforcement Task Force, will closely investigate questionable lender acts. She joins U.S. Attorney General Eric Holder, Housing and Urban Development Secretary... Read more »