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

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

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

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

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

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

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

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 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,

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 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

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

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

Pending home sales increased in February but with notable regional variations, according to the National Association of

According to data from LeapRE, homes from 2007 and 2008 are spending the longest time on the market. It is possible this is due to inventory overhang – properties still not sold from that period that remain on the

A federal jury convicted a disbarred Chicago lawyer on fraud charges for her role in facilitating staged real estate transactions involving Chicago homes in 2003, federal law enforcement officials announced today. The defendant, Lorie Westerfield, was found guilty on