IRMB to gather public testimony from struggling homeowners, including how foreclosures have affected various communities
CHICAGO, IL – The Illinois Residential Mortgage Board (IRMB) is hosting its inaugural neighborhood board meeting to gather public testimony from struggling homeowners, housing advocates and mortgage industry officials. This information will be used in drafting recommendations for reform in the mortgage lending industry and describing the state of the housing market in communities throughout Illinois.
Illinois State Senator Jacqueline Collins (D-16th) will listen to the public testimony and give remarks.
The inaugural neighborhood board meeting will be held today, Tuesday, October 23, 2012, at the Chicago Urban League, 4510 S. Michigan Ave. in Chicago from 6:00 p.m. to 8 p.m.
Also attending will be IDFPR Division of Banking Director Manuel Flores and members of the Illinois Residential Mortgage Board.
Discussion of housing crisis issues, including how foreclosures have affected various communities in the Chicagoland area. Housing advocacy organizations and industry representatives will give testimony.
Public participation is encouraged.
