The pilot bidding program for the FHFA’s REO conversion program has been extended by a month, possibly because of high demand. According to a HousingWire article on the program, investors will now have until May to bid on the

Clare at Watertower was bought at a bankruptcy auction by Harrison, New York-based company, Senior Care Development LLC. Senior Care bid $53.5 million in cash and agreed to take liability for the over $57 million in resident deposits that

@properties and 10 North Shore real estate brokers are joining forces in a merger with well-established Chambers Cross & Associates, a Winnetka-based boutique real estate firm with deep roots in Winnetka. @properties will be able to help Chambers Cross

FHFA Acting Director Ed DeMarco added spice to the principal reduction pot on Tuesday, coming out in hesitant favor of the measure for Fannie Mae and Freddie Mac loans. Long an opponent of the policy measure, DeMarco said in comments before the Brookings Institution that

The Chicago Association of Realtor (CAR) election results have been officially  posted, elections took place at the Board of Directors meeting to determine the new, President Eelct 2012-13, CAR Treasurer 2012-13, NAR Directors 2013-14 and IAR Directors for

As of May 1, Fannie Mae servicers will begin making payments for Chicago’s vacant property ordinance, though they will do so under protest. According to the Department of Housing and Urban Development, Fannie servicers will be required to include

The emerging market for converting REO properties into rentals could net as much as $100 billion in 2012 for investors, according to new data from CoreLogic. With assistance from the government’s REO conversion plan, the research firm is reporting

Numerous factors dictate a real estate agent’s success, but a new study in the “Applied Financial Economics” journal explores what impact an agent’s physical attractiveness may have on their prosperity. Entitled “Broker beauty and boon: a study of physical attractiveness

Midwest Real Estate Data (MRED), a Chicagoland mulitple listing service (MLS) has announced that they will be providing multiple listing services to the members of Kankakee-Iroquois-Ford Association of Realtors (KIFAR). MRED is now the service provider for twelve different real

Fannie Mae, Freddie Mac and the FHA were hugely influential in the recent increase of multifamily originations, according to the latest data from the Mortgage Bankers Association (MBA). As the MBA explained in a summary of the data, originations

Foreclosure activity was down in the latest foreclosure report from RealtyTrac, which covered foreclosure filings, default notices, scheduled auctions and bank repossessions for the first quarter of 2012. The total properties in these catergories is reported to be 572,928 properties during

Shifting economic factors, including rising rents and competitive home prices, are contributing to a new level of consumer interest in homes, according to Fannie Mae’s March 2012 consumer attitudinal National Housing

Government housing policy since 2008 has been a mixed bag, but the International Monetary Fund is suggesting that more government action, rather than less, may be the answer to the U.S.’ housing woes. In its latest World Economic Outlook

The Consumer Financial Protection Bureau (CFPB) is proposing a new set of rules that will change how mortgage servicers interact with their consumers. The proposed changes include clarifying billing statements and advance warning of interest-rate changes. “It’s time to

The Federal Reserve issued new policy guidelines to encourage banks to rent out more foreclosed properties and, in effect, bring the number of distressed properties down. According to Reuters, the central bank wrote a policy statement to Congress, suggesting

FHFA Acting Director Ed DeMarco gave tacit support to a principal reductions program for Fannie Mae and Freddie Mac in comments today before the Brookings Institution. DeMarco, long an opponent of the policy measure, said that under a revised