The housing advocate group ACORN says that troubled Illinois homeowners have a friend in Lisa Madigan. In a report released today, the community organization gave the Illinois Attorney General an A+ grade for her work protecting families facing mortgage foreclosure -- a rating only five other attorneys general garnered nationwide.
They cited her efforts pushing the Illinois Homeownership Preservation Act, a law that imposed tougher regulations on the ability of mortgage lenders and brokers to dole out loans, and her continuing investigation into the alleged fair lending and civil rights violations of Countrywide Homes Loans Inc. and Wells Fargo Financial Illinois Inc.
Madigan was thrilled to hear the news:
“I am honored to receive this recognition from Acorn for my office’s efforts to combat the foreclosure crisis that is devastating our neighborhoods and communities around Illinois,” Ms. Madigan said in a statement. “I am committed to aggressively investigating predatory and unfair lending practices, and my office will continue to take the most comprehensive steps in assisting troubled homeowners and holding irresponsible lenders accountable for their actions."
Anonymous on Tue, 06/10/2008 - 20:32
I am completely impressed with Lisa Madigan. Her office staff members have become experts on rescuer fraud and helped the state of CA go after Lehman for participating in mortgage fraud, earning the first liability judgement against one of the investment companies.
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