Items Tagged with 'Illinois AG Lisa Madigan'

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  • Diamond Residential Mortgage to pay $1.28 million after rogue branch manager defrauds homebuyers

    Settlement with Illinois also places company on probation for 3 years
    Diamond Residential Mortgage Company, which is based in Lake Forest, Illinois and has branches in Illinois, Indiana, Michigan, Wisconsin, Missouri, Georgia, Texas, Colorado, California, and Washington, will pay $1.28 million to consumers who were defrauded by Chris Schaller, who ran the company’s Springfield, Illinois branch.
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  • RBS to pay $20 million to Illinois pension funds over crisis-era mortgage bonds

    New settlement is bank’s eighth such settlement in recent years
    For the third time this year, the Royal Bank of Scotland is about to pay up over the bank’s mortgage practices in the run-up to the housing crisis. RBS has already reached a nearly $5 billion settlement with the Department of Justice and a $500 million settlement with the state of New York. Now, the bank has agreed to a new $20 million settlement with the state of Illinois.
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  • Illinois AG sues Chicago-area company for preying on struggling Latino homeowners

    Company accused of charging $20K, doing little to save homes
    The Illinois Attorney General filed suit against a Chicago-area company recently, accusing the company of perpetrating a mortgage rescue and consumer fraud scheme that preyed on struggling Latino homeowners by illegally charging approximately $20,000 in upfront fees that resulted in little, if any, help.
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