Default and Foreclosure Report - Instructions

GENERAL INSTRUCTIONS

. The Online Reporting version requires that you have Internet Explorer 5.0 or newer with 128 bit encryption. If you don't have the required version of Internet Explorer, you will need to file via the traditional paper method. Please read these instructions before continuing to the online report. Click here to go to the Online Default and Foreclosure Report.

. Please enter all dollar amounts as whole amounts (no decimals). Do not round to thousands.
. Please enter interest rate as a whole number and then decimal (ie. 5.25% is entered as 5.25 rather than .0525).
. Consolidated financial accounting basis means that you are to include information from all operating subsidiaries, service corporations, etc., using generally accepted accounting principles (GAAP).
. Average quarterly reports - The contemplated calculations for lines 1(A), 1(B), 2(A) and 2(B) calls for loan information, normally shown on quarterly call reports for banks and thrifts or other quarterly reports for licensees, to be averaged. For example, if the dollar amount of 1-4 family conventional loans on your entity's books were $100,000 on March 31 and $120,000 on June 30, then the entry on line 1(A) would be $110,000. What is desired is a number that reflects an average throughout the reporting period rather than activity on a specific date such as June 30.

INSTRUCTIONS SPECIFIC TO LINE 1(A)

. Conventional 1-4 family mortgage loans are loans that were not insured by the Veterans Administration (VA), the Farmers Home Administration (FHA) or the United States Department of Housing and Urban Development (HUD).
. Include loans that are first and subordinate liens.
. If it would be difficult to separate the dollar amount of loans on Illinois properties from non-Illinois properties, it is permissible to estimate the dollar amount of loans that are Illinois properties and place this number on line 1(A).

INSTRUCTIONS SPECIFIC TO LINE 1(B)

. If you are unable to provide the actual number of Illinois loans to answer this question, you may estimate the number Illinois loans.

INSTRUCTIONS SPECIFIC TO LINE 3(A) and 3(B)

. If you are unable to provide the actual number and dollar amount of Illinois foreclosures filed and foreclosures completed to answer this question, you may estimate the number and dollar amount of Illinois foreclosed loans filed and foreclosed loans completed.