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Foreclosure Mediation Programs Helping to Retain More Homes

Jennifer Shack, October 24th, 2014

I’ve just completed the quarterly statistical report for foreclosure mediation programs in Illinois in the 16th, 17th, 19th, 20th and 21st Judicial Circuits. If you’re a regular reader of the blog, you might remember that I wrote about the first statistical report back in August. The latest report, which covers all cases opened through September 30, shows that the programs in the 16th, 19th, and 21st circuits now have significantly higher home retention rates than at the end of June.  The 16th Circuit program’s retention rate rose from 19% to 28% of closed cases. In the 19th Circuit, the retention rate rose from 21% to 32%, and in the 21st Circuit it rose from 12% to 44%. The retention rate rose modestly in the 20th Circuit as well – from 34% to 37%.  (The program in the 17th Circuit had just started when I did the first report, so I could make no quarter-to-quarter comparison.) It’s too early to tell if the rise in retention rates is a definite trend or is a blip in the data.  This is particularly true of the 21st Circuit and its particularly large increase, where the small number of closed cases mean that the percent of homes can swing widely with just a few outcomes.

Of other note, you might notice that the report is a little different from last time. I’ve added a summary page, which aggregates the data for all the programs. I’ve also changed the bar charts so that they’re easier to understand and included a new set of bar charts that presents data from the participant surveys.

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One Response to “Foreclosure Mediation Programs Helping to Retain More Homes”

  1. Kent Lawrence says:

    What an interesting presentation of varied program approaches – and results. The data presentation is outstanding and very understandable. These are preliminary results, but were I running/involved with these programs I would be very interested in reviewing not only the results of “my” program in order to evaluate its strengths and weaknesses – and make improvements – but those of other programs to see if it might be worthwhile to incorporate successful ideas demonstrated by results in those programs. This is great presentation of the work by RSI and all of its partners.

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