The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Earlier this month, the Lawyers’ Committee for Better Housing issued a study about the foreclosure situation in Chicago’s rental buildings. The study sheds light on how the foreclosures affect community members, and found that Chicago’s West and South sides

Silver Tower, a 38-story River North condominium project, has been saved from foreclosure due to an investment firm picking up the outstanding $30 million tab for the development’s overdue construction loan, according to

The Emergency Homeowners’ Loan Program (EHLP) is a new $1 billion Obama administration program which is estimated to assist 30,000 unemployed borrowers, who are otherwise straining to avoid foreclosure, reports the Wall Street

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which combined hold 70 percent of the private mortgage origination market, may soon fill the void Fannie Mae and Freddie Mac leave behind, said Housing

Last week, MLS listings of condos and homes available for rent dropped to 739-a decrease of 61 percent since Yo Chicago started tracking 14 downtown zip

Two DuPage women are sentenced to 10 years in prison after pleading guilty to 10 counts of theft in a home mortgage scheme and ordered to jointly pay $1.8 million in

Prudential Rubloff has just announced their merger with GPS Realty, Inc. of Union Pier,

Illinois homes sales were on the rise last month for the fourth consecutive

Midwest Real Estate Data (MRED) and 10K Research and Marketing (10K) have entered into a licensing agreement that will provide MRED’s brokers, agents and appraisers with access to an interactive market analytics tool known as “The Thing,” according to

A force of approximately 240 lawmakers have now joined the argument against the qualified residential mortgage (QRM) down payment, hoping to reduce the currently proposed rate of 20 percent, said Housing

The RE/MAX Northern Illinois real estate network recently honored its associates whose 2010 residential sales achievements earned them spots in its year-end Residential Top 20 award

LeapRE ranked the top 100 brokerages in their ability to break the trend – these are the top brokerages who, on average, sold homes for a price closest to the list price, despite having been on the market for

Web-savvy consumers may not typically desire commercial videos for brands, products, etc. while browsing the web, but data from comScore demonstrates that 83 percent of all Americans watched an online video in May, racking up over 5.6 billion viewing

Wells Fargo & Co. has confirmed that it is leaving the reverse mortgages sector, but it will continue to act as a servicer up until the departure date of June 30, according to National Mortgage