Loyola Student Dispatch

Bringing Breaking News to Loyola University Chicago

National Mortgage Settlement discussion at Loyola

Posted by loyolastudentdispatch on February 20, 2013

Lisa Madigan

Lisa Madigan

U.S. Housing and Urban Development Secretary Shaun Donovan and Illinois Attorney General Lisa Madigan will be among the speakers discussing the landmark $25 billion national mortgage crisis settlement during a Friday appearance at Loyola University Chicago.

Madigan, a Loyola alumnae, was among a group of state attorneys general who helped negotiate the National Mortgage Settlement with the nation’s five largest banks over allegations that they signed foreclosure documents outside the presence of a notary public and without really knowing whether the facts they contained were correct.

Details of the settlement are available here: National Mortgage Settlement

Donovan and Madigan will be joined by former Washington Attorney General Rob McKenna, Iowa Attorney General Tom Miller, and former North Carolina Commissioner of Banks/Independent Monitor Joseph Smith Jr.

The event is from 10 a.m. to 4:30 p.m. Friday and is free and open to the public. It will be held at the Loyola University Chicago School of Law/Philip H. Corboy Law Center at the school’s Water Tower Campus downtown.

Here is a news release from the university:

A massive civil law enforcement investigation by state attorney generals, including Illinois Attorney General Lisa Madigan, banking regulators, and  federal agencies has resulted in a landmark $25 billion settlement with the nation’s five largest mortgage servicers. This important settlement—the largest joint state-federal settlement in history—has played a significant role in addressing the nation’s issues around the mortgage crisis.

Join us for a discussion with key figures in this historic settlement who will discuss the housing market collapse, the intricate path to the National Mortgage Settlement, and the independent monitor that has been established to oversee the terms of the agreement and ensure its success.

Distinguished speakers attending include U.S. Housing and Urban Development Secretary Shaun Donovan, Illinois Attorney General Lisa Madigan, former Washington Attorney General Rob McKenna,

Iowa Attorney General Tom Miller, and former North Carolina Commissioner of Banks/Independent Monitor Joseph Smith Jr.

The event is free and open to the public. Visit LUC.edu/law/centers/investor/national_mortgage.html for more information.

When:

Friday, February 22, 2013

10 a.m. to 4:30 p.m.

Where:

Loyola University Chicago School of Law

Philip H. Corboy Law Center

Power Rogers & Smith Ceremonial Courtroom, 10th Floor

25 E. Pearson Street, Chicago, Illinois 60611

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