Mortgage Crisis

Atty. Gen. Lisa Madigan announces Illinois will get $52.5-million from a Justice Department settlement with Standard and Poors. (Credit: Craig Dellimore/WBBM)

Illinois To Receive Nearly $53M Share Of S&P settlement

Illinois will receive a $52.5 million share of a multi-state settlement with Standard & Poor’s over allegations that the credit ratings agency knowingly inflated ratings of risky mortgage investments that sparked the financial crisis of 2008, Attorney General Lisa Madigan announced Tuesday.

02/03/2015

Bank Of America

Illinois Getting $300M From Record Bank Of America Settlement

Illinois is set to receive a $300 million share of a record $16.7 billion nationwide settlement with Bank of America, over allegations of financial misconduct that helped lead to the 2008 financial crisis.

08/21/2014

Bank Of America

Madigan: Illinois To Get $300M From Settlement With Bank Of America

The deal announced Thursday by the U.S. Justice Department stems from the bank’s role in the sale of mortgage-backed securities in the run-up to the financial crisis.

08/21/2014

Businessman Tom Roeser has been helping to revitalize Carpentersville's housing market. (CBS)

Carpentersville Businessman Helps Stabilize Local Housing Market

CBS 2’s Bill Kurtis reports how Tom Roeser, using good old capitalism, has been leading the charge to revitalize a struggling town.

06/11/2012

Homes

Ill. Officials Take Mortgage Help To Chicago Areas

Illinois and local officials will be available Saturday for residents of the Little Village and Pilsen neighborhoods of Chicago to discuss the mortgage crisis.

07/16/2011

Gery Chico, Carol Moseley Braun and Rahm Emanuel

Opponents Hammer Emanuel On Taxes, Freddie Mac

The gloves have come off in the race for Mayor, with the rest of the field setting its sights on frontrunner Rahm Emanuel, attacking his “luxury services” tax proposal and his ties to mortgage giant Freddie Mac.

CBS Chicago–02/10/2011