News / Features

A ZIP Through Chicago Yields Varieties in Pricing

There are close to 60 different zip codes in the Chicagoland area, and thanks to Fiserv – the same company behind Standard & Poor’s titanic Case-Shiller Index – we have new and intriguing information on housing prices in Chicago

Mortgage Rates Rise with Jobs Report

In a shocking development, mortgage rates have risen in the last week, riding on the minor optimism from the latest job reports coming out of Washington. After two solid months of declines, culminating in last week’s drop of the 30-year

Joseph McBreen Teams Up with Guaranteed Rate

Joseph McBreen, owner and senior loan officer of The McBreen Group within Mortgage Services III, has joined Guaranteed Rate Inc., as a vice president of mortgage

High-Rise Sales Signal High-End Market Rise

This past month, three condominiums in Michigan Avenue’s Park Tower sold for over $3 million each. The 117 condos above the Park Hyatt hotel at 800 N. Michigan Avenue are among the most expensive in the high-rise market, with

Guaranteed Rate Welcomes Dan Gjeldum

Named one of Crain’s Chicago Business “Fast Fifty,” Guaranteed Rate, Inc. has recently acquired a new team member: Dan Gjeldum, formerly of Mortgage Services III,

Ring Around Rosie for Lakeview Home Sales

Rosie O’Donnell’s purchase of a $2.5 million, 6,000 square-foot Lakeview property has made the Chicago neighborhood a consistent feature in many recent news stories, but thankfully, the area has even better news to report – homes sales in the

App review: Home Value Pro (iPhone only)

Price: Free How it Works: Home Value Pro touts itself as an on-the-go, user-friendly way to access a wealth of statistics on residential real estate in the country. Features include home values estimates for virtually every U.S. home, housing

Amidst Precarious Times, NAR Reaffirms MID Support

National Association of Realtors (NAR) President Ron Phipps recently reaffirmed his organization’s support of the mortgage interest tax deduction (MID), a long-accepted cornerstone of the home buying process that, regardless of its several decades of popularity, is threatened by

Prudential Rubloff Raises $20,000 for Sunshine Kids

The first annual Prudential Rubloff fundraising event, which took place on September 21, was a success, especially for the Sunshine Kids organization, which received the proceeds of the event, about $20,000 in all. The donation was in dedication of

HUD Suspends Former Lend America President

The U.S. Department of Housing and Urban Development (HUD) has suspended Michael Primeau, former President of Lend America, from doing any business with HUD following his admission that he engaged in a wide-scale mortgage fraud scheme. “We take this

Fed Lays CRA/GSE Blame Game to Waste in New Report

The financial crisis may have occurred in the fall of 2008, but that has not stopped economists and policy analysts from continuing to offer their perspectives on what ultimately caused the greatest monetary scare since the bank failures of

Mortgage Fee Standards on Supreme Court’s Horizon

The Supreme Court agreed yesterday to hear a case on mortgage fees that will have sweeping implications on how “unearned” mortgage fees are prosecuted in the courts. The case pits Louisiana homebuyers against Detroit-based Quicken Loans Inc. The homebuyers

Occupy Chicago Inhabits MBA Conference

What was supposed to be a routine gathering on technology is fast becoming a hotbed for democratic activity, as the Take Back Chicago street protests have targeted the Mortgage Bankers Association (MBA) conference taking place this week. A coalition

The Help: Housing Style

More than 50 representatives of grassroots and national housing advocacy organizations engaged in a three-hour roundtable discussion on housing with government officials on Monday for “America’s Housing Crisis: Solutions to the Changing Landscape.” Hosted Ocwen Financial Corporation, the event featured

Michael Golden of @properties is CAR’s 2011 Realtor of the Year

The Chicago Association of Realtors named @properties co-founder Michael P. Golden the 2011 Realtor of the Year. The award was presented last week at CAR’s annual inaugural gala at Navy

Homeowners Bummed in New Fannie Mae Survey

Homeowners expressed some fears and anxieties on housing and the general economy in the latest Fannie Mae National Housing Survey. The survey’s biggest takeaway came in home prices, which Americans expect to decline by 1.1 percent during the next 12

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