STATEMENT FROM ATTORNEY GENERAL MADIGAN ON FIRST PROGRESS REPORT ON NATIONAL FORECLOSURE SETTLEMENT

Chicago, IL – August 30, 2012 – (RealEstateRama) — In responding to the first report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have begun to receive as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.