Housing experts were none too kind to President Obama after his non-specific mention of housing in a major jobs speech last week, but it appears that his jobs bill, the more heavily promoted policy of the speech, does contain aid

Freddie Mac has finalized requirements on a new “Standard Modification,” a loan modification program for delinquent homeowners who did not meet requirements for the government’s Home Affordable Modification Program (HAMP). Officially launching in January, the new program will begin

The United States Department of Housing and Urban Development (HUD) recently announced an award of almost $100 million to the promotion of employment, self-sufficiency, and independent living for HUD-dependent families and

Chicago’s high-end suburban real estate market appears to be on the rebound from earlier dips in the market.  Statistics from Midwest Real Estate Data (MRED) point towards a market that is characteristically consistent, signifying that now may be the

The Market Composite Index, a study of mortgage loan application volume that is compiled by the Mortgage Bankers Association, rose 6.3 percent last week, bouncing back from a disappointing 4.9 percent decline the week before. Despite historically-low interest rates, mortgage

September is the National Association of Realtor’s “Realtor Safety Month,” and to coincide with the month, real estate website AgentGenius conducted surveys and interviews to assess Realtor safety in 2011. The site’s findings were both frightening and educational. Andrew

Continuing in its goal of creating universal lending documents for the mortgage industry, the Consumer Financial Protection Bureau (CFPB) has begun a fourth round of product testing this week, focusing on two different loans that appear on the same

Patricia Wargowski has been appointed vice president and branch manager of the Glen Ellyn-Wheaton, Naperville and Elmhurst offices of Koenig & Strey Real

Le Grand Reve, a beautiful chateau located in Winnetka, is set to be auctioned off on Oct. 29. The fully-furnished property, designed by Richard Landry of Landry Design Group, was originally listed at $32 million, but will sell to

The Elgin City Council will decide tomorrow whether to export vacant property code enforcement to B&F Technical Services, a local company based in Hoffman Estates, in an effort to cut costs. Per a vacant home ordinance that was passed

According to data from the Mortgage Bankers Association (MBA), the major delinquency rates for multifamily units fell in four of the five major investor groups, which includes FDIC-insured banks, life insurance providers, Fannie Mae and Freddie Mac. The rates

Related Midwest, in partnership with the AFL-CIO Building Investment Trust (BIT), announced plans to develop the $157 million 500 Lake Shore Drive apartment building in Chicago’s Streeterville

According to analysts at Barclays, a global financial services provider, the new housing plans recently announced by President Obama amount to a revamp of the Home Affordable Refinance Program (HARP), not an all-out expansion. Fears over the President’s comments

Weichert, Realtors Goodchild Homes recently welcomed Martin Foster and Joanie Kohlstedt to its rapidly growing sales

Chicago fared extremely well in Clear Capital’s latest Home Data Index, a monthly report that analyzes housing data in the West, Midwest, Northeast and the South coming second in the nation for quarter-over-quarter price gains. Chicago’s gains were 13.6 percent, second

Which neighborhoods are moving recently built inventory the fastest? To find out, LeapRE took the number of active listings in each neighborhood in Chicago and divided it by closed listings during the last year, looking only at properties built