Illinois Joins Multi-State Settlement with Five National Banks - More than $1 Billion in Mortgage Relief for Illinois Families

CHICAGO – February 9, 2012. Governor Pat Quinn today announced that Illinois mortgage regulators have joined with their counterparts across the country to accept the terms of a national settlement with five of the nation’s largest banks. Under the settlement, more than $1 billion will go to help struggling Illinois homeowners and those affected by improper foreclosures.