News / Features

Airhart Begins Preconstruction Sales at Blanchard Court Townhomes in Wheaton

Airhart Construction recently opened sales at its newest community: Blanchard Court, featuring 18 low-maintenance townhomes in

Ryland Homes’ Presales for Herrington Estates in Bolingbrook Begins

In Bolingbrook, Ryland Homes’ new community, Herrington Estates, a community of single-family homes, has officially started pre-construction sales. The community is located near I-55 and falls into the school district

Realtors Urge Congress to Approach GSE Reform Slowly

The National Association of Realtors yesterday urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie

FHFA Reports Mortgage Interest Rates

The Federal Housing Finance Agency has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.79 percent based on loans closed

Agencies Seek Comment on Risk Retention Proposal

Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors

Inland to Acquire Hinsdale Property from Fraudulent Developer

Oak Brook-based Inland Real Estate Group plans to acquire a Hinsdale residential development. The original owner was accused of a Ponzi

Monthly Foreclosure Starts Drop

According to February month-end data from Lender Processing Services (LPS), the amount of foreclosure starts last month was at its lowest level since November of

MRED and Workforce Resource Announce Down Payment Assistance Initiative

Midwest Real Estate Data LLC (MRED) and Workforce Resource, LLC (WFR) announced yesterday that the organizations have entered into a contract to integrate WFR’s Down Payment Resource product with MRED’s listing

Dream Town Has Highest Percentage of CAR Top Producers in Chicago

Agents from Dream Town Realty were recognized last Thursday night at the annual Chicago Association of Realtors’ awards ceremony. In all, 18 percent of Dream Town’s agents received Top Producer honors, the highest percentage of any brokerage in

NAR Reports Vacation Home Shares Hold Even in 2010

The market share of vacation and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of

HUD Secretary Shaun Donovan Issues Statement on Risk Retention Proposals

Yesterday the U.S. Department of Housing and Urban Development, joined with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Federal Reserve, and the Securities and Exchange Commission announced

Mortgage Apps Decrease This Week

Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 25,

FDIC Approves Risk Retention Rule-making

The Federal Deposit Insurance Corporation (FDIC) today approved a proposal of new risk retention rules in an attempt to stabilize the mortgage

Weichert, Realtors – Frankel & Giles Launches Short-Sales Division

WEICHERT REALTORS —Frankel & Giles Real Estate has launched a new Short-Sales Division to help home and condominium sellers market their distressed properties during the current economic downturn. “Housing analysts report that more than 25 percent of Chicago homeowners

S&P/Case-Shiller Home Price Indices Released Today

Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13 of the 20 MSAs and the

Agencies to Consider Risk Retention Rulemaking

As reported by Diana Olick of CNBC Real Estate, the Federal Deposit Insurance Corporation (FDIC) and other federal agencies vote this morning on a proposed set of mortgage risk retention rules that could drastically change the already tumultuous lending

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