Section 1050.710  Computation of National Residential Mortgage Foreclosure Rate

On March 1 of each year, or as soon as possible thereafter, the Director shall calculate the National Residential Mortgage Foreclosure Rate on government-insured residential mortgage loans in accordance with the terms of Section 4-8 of the Act.  The calculation shall be made based on documentation obtained from the Department of Housing and Urban Development and from the Veterans Administration.

(Source:  Amended at 29 Ill. Reg. 14808, effective September 26, 2005)