Mortgage servicer called out for bad performance
Most mortgage servicing companies are doing a better job of complying with new servicing rules but one company, Green Tree Servicing LLC, failed several tests and needs to make substantial...
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Mortgage rates defy forecasts
Expert predictions that 30-year mortgage rates would climb to at least 5percent this year haven't come true, and the housing market is taking full advantage of the delay. Some homeowners...
Builders find silver lining in tight inventory of resale homes
Chicago-area homebuilders are playing a game of catch-up after a rough winter delayed construction. And while they remain concerned about the broader economy and its effect on consumers' outlooks and...
Builders find silver lining in tight inventory of resale homes
Chicago-area homebuilders are playing a game of catch-up after a rough winter delayed construction. And while they remain concerned about the broader economy and its effect on consumers' outlooks and...
Investors slow Chicago-area home purchases
For institutional investors, Chicago's housing market just isn't as desirable as it was a year ago. Rising home prices, along with a decline in foreclosure activity, is shrinking the number...
Chicago green lights $1 lot purchase program
The city of Chicago is moving forward with its $1 lot purchase program, declaring the pilot effort a success even before lot sales have been finalized.Earlier this year, the city...
Consumer bureau to test electronic mortgage closings
The days of sitting down at a home mortgage closing and leaving 20 minutes later with keys to a new home are getting closer. An electronic closing pilot program, to...
Consumer bureau to test electronic mortgage closings
The days of sitting down at a home mortgage closing and leaving 20 minutes later with keys to a new home are getting closer. An electronic closing pilot program, to...
Chicago-area February home prices up nearly 11% from 2013
Chicago-area home prices couldn't beat their month-earlier comparison for a fifth consecutive month in February but remained almost 11 percent higher than they were a year ago, according to a...
Chicago homeowners lag in disclosing energy costs
In a recent review, only 10 percent of single-family Chicago homes and condominiums listed for sale in the local multiple listing service disclosed annual energy costs, as required by city...