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Property transfers: March 1, 2013
Property transfers recorded in the Clark County Clerk’s office for Feb. 18-22. — Julian Harris and Mary Virginia Harris to Chanty Eng and Chansopha Loeurng, three tracts, $91,000. — Thornderosa LLC to Jennifer A. Algire and Michael K....
Tags: Bank of America Corp., Loans
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When the government backs mortgages
How should we reform our broken housing finance system? To what extent should the federal government continue to provide guarantees for mortgage financing, such as the ones it provides for Fannie Mae and Freddie Mac? With Fannie and Freddie in a federal...
Tags: Freddie Mac, Real Estate, Financial Markets, Federal Housing Administration, Finance
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Fannie Mae, Freddie Mac to offer streamlined loan modifications
In a push to simplify loan modifications, many borrowers who become 90 days or more past due on mortgages backed by Freddie Mac and Fannie Mae will be offered lowered payments without having to prove hardship, the federal regulator of the home-finance...
Tags: Freddie Mac, Finance, Mortgages, Education, Financial and Business Services
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New rules to govern Illinois foreclosures
The Illinois Supreme Court on Friday announced new rules governing mortgage foreclosures that will require lenders to prove to judges that they have exhausted all efforts to help a borrower before seeking a foreclosure judgment against the homeowner. The...
Tags: U.S. Consumer Financial Protection Bureau, Justice System, Foreclosures, Mortgages, Lisa Madigan
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Refinances surge under Obama program for underwater loans
The number of homeowners refinancing their loans through a popular federal program that allows underwater homeowners to get new rates surged to more than 2 million in November. In November, almost 130,000 homeowners refinanced their loan through the...
Tags: Freddie Mac
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Fifth Third connecting borrowers with jobs
Fifth Third Bank is expanding a program that offers free virtual job search assistance to some of its unemployed mortgage customers who are at risk of defaulting on their mortgages and losing their homes to foreclosure. A quiet test of the program...Tags: Freddie Mac, Career and Workplace, Mortgages, Cook County Government, Unemployment
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Fee increases are making FHA mortgages more expensive
WASHINGTON — If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Because of an ongoing series of fee increases and underwriting tweaks, those mortgages are getting steadily more expensive and may...
Tags: Freddie Mac, Washington, DC, Federal Housing Administration, Finance, Mortgages
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PennyMac, headed by former No. 2 at Countrywide, files for IPO
PennyMac Financial Services Inc., the 5-year-old mortgage company founded by former Countrywide Financial Corp. President Stanford L. Kurland, plans to go public on the New York Stock Exchange. PennyMac, which makes, buys, sells and services...Tags: Freddie Mac, Bank of America Corp., Countrywide Financial Corp., Finance, Federal Housing Administration
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Friday is deadline to file for a piece of $25 billion national mortgage settlement
Watchdog with Paul MuschickIf your mortgage is serviced by one of five qualifying banks and you need a loan modification, are underwater on your mortgage or were foreclosed on between 2008 and 2011, you could get compensation through a national mortgage settlement that's...... -
Surge in foreclosure auctions shows Chicago-area market's pain
More than 35,000 homes and small multifamily buildings in the Chicago area completed the foreclosure process last year, the highest number since the housing crisis began, and the vast majority of them became bank-owned. An increase in foreclosure...Tags: Freddie Mac, Real Estate, Illinois Governor, Foreclosures, Auction Service
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In picking Lew, Obama turns a page at Treasury
WASHINGTON (AP) — Jack Lew, President Barack Obama's nominee for treasury secretary, is a premier federal budget expert who would take the helm of the government's main agency for economic and fiscal policy just as the administration girds itself...Tags: Budgets and Budgeting, Jay Carney, Fiscal Cliff, Politics, Freddie Mac
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Federal regulators prepare new mortgage rules while cleaning up faulty foreclosure issues
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills. On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
Tags: U.S. Department of Justice, Office of the Comptroller of the Currency, U.S. Consumer Financial Protection Bureau, Justice System, Politics
Mar 1, 2013
|Story| Winchester Sun
Mar 1, 2013
|Story| Los Angeles Times
Mar 27, 2013
|Story| Los Angeles Times
Feb 22, 2013
|Story| Chicago Tribune
Feb 19, 2013
|Story| Los Angeles Times
Feb 15, 2013
|Column| Chicago Tribune
Feb 10, 2013
|Story| Los Angeles Times
Feb 8, 2013
|Story| Los Angeles Times
Jan 17, 2013
| Allentown Morning Call
Feb 5, 2013
|Story| Chicago Tribune
Jan 10, 2013
|Story| Petoskey News
Jan 8, 2013
|Story| Chicago Tribune
Original site for Fannie Mae topic gallery.