Illinois Attorney General Lisa Madigan says some of the state's homeowners will see a collective $1.5 billion in the multi-state settlement reached between several attorneys general and the nation's top five mortgage lenders as a result of the robo-sogning scandal.

"While the settlement is a big step forward in our efforts, it is not the end," Madigan said in a statement.. "In Illinois, we will continue to take strong legal action against lenders, banks, servicers and others who contributed to the housing and economic collapse."

The five banks named in the $25 billion settlement are JP Morgan Chase, Bank of America, Wells Fargo, Ally Financial, and Citigroup.