Housing Action Illinois Servicer Accountability Initiative Final Report (December 2009 to September 2010)

TOPIC: ForeclosureSTATE:  IllinoisTYPE: Research ReportDATE: November 2010AUTHOR:  Ami Shah and Katie Gottschall-Donohue, Housing Action IllinoisDESCRIPTION:   The report provides qualitative and quantitative evidence that mortgage loan servicers in the Chicago metropolitan area are not agreeing to affordable loan modifications for a majority of homeowners facing foreclosure and are not committing sufficient resources to respond to homeowners in an accurate or timely manner as required by federal law.