Markham Real Estate News
Real Estate news for Markham, IL continually updated from thousands of sources.
Monday Dec 15 | via Chicago's Home Weblog
I've posted these Chicago Real Estate Purchase Steps in varying forms over the years but I believe the message bears repeating. The buy and sell transaction process is handled a little differently here than in other areas of the country . Comment?
Monday Dec 1 | via Sys-Con Media
The lawsuit alleges that defendants' predatory and discriminatory mortgage lending, servicing and foreclosure activities are part of a broad "equity stripping" practice that continues to this day and, in part, led to the foreclosure crisis in At issue are over 55,000 potentially predatory and discriminatory mortgage loans Wells Fargo is now responsible for that it, and its affiliates, made to minority borrowers in minority neighborhoods and communities as depicted on the attached GIS map. In contrast, just 22.6% of all owner-occupied homes in The County is seeking injunctive relief and monetary damages for the resulting harm that the defendants caused. Comment?
Monday Dec 1 | via Housing Wire
Cook County, Illinois accused Wells Fargo of targeting black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area. Per Bloomberg : The bank's tactics start at home-loan origination and continue through refinancing and foreclosure, the country said, a process its lawyers summarized in the complaint as "equity stripping." Comment?
Monday Dec 1 | via Chicago Tribune
Cook County has filed a federal lawsuit against a third mortgage lender, alleging that unfair, predatory lending and loan serving practices, particularly in minority communities, violated the Fair Housing Act. The suit, filed against Wells Fargo on Friday in U.S. District Court in Chicago, is similar to others brought in late March against HSBC, Bank of America and its subsidiaries Countrywide and Merrill Lynch. Comment?
Monday Dec 1 | via Collections & Credit Risk
A federal lawsuit filed Friday in Cook County, Ill. accuses Wells Fargo of disproportionately targeting minorities with high-cost mortgage loans, spurring a foreclosure crisis in the area. Comment?
Yesterday | via The Capitol Fax Blog
A federal jury Wednesday found a Chicago couple guilty on all counts in a state grant scam trial that featured testimony about power, money and sex and saw a high-profile ruling that one of President Barack Obama's golfing buddies was a hostile witness. The seven-man, five-woman jury deliberated for about five hours on the fate of Leon and Karin Dingle, who faced conspiracy, mail fraud and money laundering charges. Comment?
Wednesday | 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?
Wednesday | via Inman News
Executives with leading multiple listing services, franchisors and brokers have been working for months on a plan to launch a new national listing portal to serve as a broker-centric alternative to the big search portals like Zillow, Trulia and realtor.com , Inman has learned. According to internal communications among participants, the group is not legally organized and has not secured funding. Comment?
Tuesday Dec 16 | via Northwest Herald
SPRINGFIELD – A federal jury will begin deliberating Wednesday in the trial of a Chicago businessman and his wife, who are accused of using millions of dollars in state public health grant money for luxury cars, vacation-home upkeep and a mortgage for their son. Leon Dingle, 77, and Karin Dingle, 75, are charged with conspiracy, mail fraud and money laundering for allegedly steering grant money intended for AIDS- and cancer-awareness campaigns through a web of organizations and into their pockets. Comment?
Friday Dec 12 | via Business Wire
The Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended , and to institutional accredited investors in a manner exempt from registration under the Securities Act. The private offering is expected to close on December 17, 2014, subject to customary closing conditions. Comment?
7 min ago | via American Banker
Diebold CEO Andy Mattes stirred up a Twitter debate in November when he predicted that despite current trends, there will be more bank branches in the future . Part of Mattes' vision for the future is a fully digital mini-bank branch being developed by Diebold. Comment?
8 min ago | via Business Journal
The commercial real estate market picked up in 2014, confirming the forecast of many in the industry around the beginning of the year, but some of the specific predictions were too optimistic in their timelines. Comment?
9 min ago | via The China Post
The International Monetary Fund held back 86 million euros in bailout funds for Cyprus Friday after the island's parliament delayed a vote on foreclosure legislation demanded by lenders. The money is part of a 10-billion euro package of emergency loans that eurozone member Cyprus was forced to negotiate to avoid bankruptcy early last year. Comment?
9 min ago | via KNEK-FM Lafayette
Earlier this month, Jay Z and Beyonce were in a bidding war with three other buyers for an $85 million home in California. However, it looks like the power couple lost out on the mansion, according to Billboard . Comment?
10 min ago | via Real Central VA
I'm going to be posting my previously-written monthly notes . Since starting these in early 2013, the only thing that I've lamented about the notes is the lack of search- and link-ability. Comment?
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