Chicago Real Estate News
Sunday | via Chicago Sun-Times
Home sellers in the Chicago area are finally getting their due, with faster sales, eager buyers and a healthy "spring" market emerging from the real estate bust, experts say. A house that would have gotten three showings in the first week during the market crash could get 12 showings during its first week on today's market, said Steve Scheuring, a real estate agent for Baird & Warner's Oak Park-River Forest office. Comment?
Friday Apr 17 | via Red Eye Chicago
N. Pittsburgh Ave., Dunning, Chicago. A remodeled Georgian in the city's Dunning neighborhood went under contract in less than a week and sold for $295,000, above its list price. Comment?
Thursday Apr 16 | via Business Wire
The bonds were issued on behalf of the Educational Advancement Fund, Inc. to finance the University Center of Chicago . UCC is a 1,720-bed student housing project located in the South Loop of Chicago. Comment?
Thursday Apr 16 | via Reuters
CHICAGO, April 16 Goldman Sach's first quarter 2015 reported earnings of $2.84 billion were strong, in Fitch Ratings' view, led by increased capital markets activity in its Institutional Client Services business line, continued improvement in other business lines, and controlled compensation expenses. . Fitch calculated pre-tax profits which excluded CVA/DVA adjustments and various other gains/losses, amounted to $4 billion, or a 1.84% return on ending assets. Comment?
Wednesday Apr 15 | via City of Chicago
Financial plans approved today by City Council will create and preserve more than 170 units of affordable housing on the West and South sides. Harvest Homes, 3512-46 W. Fifth Ave. Consisting of 36 rental units in four, three-story buildings, Harvest Homes will be supported by $1 million in Tax Increment Financing and $1.2 million in Low Income Housing Tax Credits that will generate $10.7 million in equity for the project. Comment?
15 hrs ago | via American Reporter
Developments in the United Kingdom and Italy may ease some bon and stock market pressures, but on the eve of an emergency G-7 Finance Ministers' meeting Friday, I will provide them with a list from my money prescription pad, which, like my kids, they will likely ignore. First, how we got here, or rather the last few days of how we got here. Comment?
Jul 16, 2009 | via Examiner.com
Housing counselors are struggling to keep up with strong demand for foreclosure prevention services, while some communities lack counseling resources all together, according to a new report by Housing Action Illinois, a counseling advocate, and Woodstock Institute. The report, entitled On the Foreclosure Front Lines: Surveying the Capacity of HUD-Certified Housing Counseling Agencies in Illinois, found that much of South Suburban Cook County, McHenry County, and parts of Northwest Will County had startling gaps in counseling services. Comment?
Tuesday Apr 14 | via Bureau County Republican
April is Fair Housing Month and the Illini Valley Association of Realtors will join Americans across the country as they honor Fair Housing Month. This year marks the 47th anniversary of the 1968 landmark Fair Housing Act, which prohibits discrimination based on race, color, national origin, religion, sex, familial status, or disability. Comment?
Tuesday Apr 14 | via Daily Herald
A former Moecherville Water District board president is facing federal charges after being accused of stealing district funds, officials said. Mark McDonald, 57, of Aurora, is charged with stealing $33,597 in property mortgaged and pledged to the Secretary of Agriculture, according to a news release from the U.S. Attorney for the Northern District of Illinois. Comment?
Thursday Apr 9 | via WTHR-TV Indianapolis
Freddie Mac reports on average U.S. mortgage rates on Thursday, April 9, 2015. Repeated natural-gas accidents - including a 2010 pipeline explosion that killed eight people - suggest that California's largest power utility could be too big to operate safely, the state's top utility regulator... Burger King is paying the expenses and providing gifts for the wedding of an Illinois couple with an interesting connection to the fast food restaurant chain. Comment?
6 min ago | via GhanaWeb
Dr Onsy Nathan Kwame Nkrumah, son of late President Kwame Nkrumah, has appealed to President Mahama to refund any cash his government has received from the International Monetary Fund through the bailout deal between Ghana and the IMF, reiterating strongly that the deal is not in the best interest of the country. Comment?
7 min ago | via The Truth About Mortgage
Today, the Consumer Financial Protection Bureau and the Federal Trade Commission ordered Green Tree Servicing to pay $48 million in borrower restitution along with a $15 million fine to the CFPB's Civil Penalty Fund. CFPB Director Richard Cordray said in a release that the company "failed consumers who were struggling by prioritizing collecting payments over helping homeowners." Comment?
10 min ago | via National Mortgage News
Federal regulators fined mortgage servicer Green Tree Servicing $63 million in penalties and restitution on Tuesday, alleging that it mistreated borrowers at risk of foreclosure and failed to honor modifications of loans transferred from other servicers. The Consumer Financial Protection Bureau and Federal Trade Commission claimed Green Tree "demanded payments before providing loss mitigation options," and "harassed and threatened overdue borrowers," among other things. Comment?
10 min ago | via National Mortgage News
Republicans may have found a targeted term to explain why their financial reforms are stalling in Washington: the "Elizabeth Warren phenomenon." That was the phrase used by Rep. Patrick McHenry, R-N.C., to explain why certain regulatory relief bills were at a standstill. Comment?
14 min ago | via TwinCities
Under the proposed settlement agreement with the Federal Trade Commission and the Consumer Financial Protection Bureau, the St. Paul-based mortgage servicer will make $48 million in payments to affected consumers and pay a $15 million civil penalty. "It's against the law for a loan servicer to lie about the debts people owe, or threaten and harass people about their debts," said Jessica Rich, director of the FTC's Bureau of Consumer Protection, in a news release. Comment?
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