Frankfort Real Estate News
Real Estate news for Frankfort, IL continually updated from thousands of sources.
Thursday Jul 14 | via FindLaw
Kathryn Marchetti and Jonathon Marchetti, Plaintiffs-Appellants, v. Chicago Title Insurance Company and Fidelity National Title Insurance Company, Defendants-Appellees. Comment?
Wednesday Jul 6 | via Cleveland.com
Ohio's rate for creating new businesses during the recovery has been below the national average, according to a recent analysis by a Washington, D.C.-based think tank. Both Ohio and Northeast Ohio have business formation rates below the national average, according to the Economic Innovation Group, or EIG, analysis based on government data. Comment?
Tuesday Jun 28 | via National Mortgage News
The Supreme Court on Monday agreed to hear an appeal by Wells Fargo and Bank of America in a lawsuit brought by the City of Miami to determine whether the city can seek redress for lost tax revenue from allegedly predatory mortgages. At issue is whether the city of Miami is considered an "aggrieved person" under the Fair Housing Act and suffered the type of harm the statute was designed to address. Comment?
Jun 23, 2016 | via Chicago Tribune
Hiking, horseback riding and even a faux fox hunt are premiering this year at Horizon Farms, the largest and most expensive forest preserve acquisition in Cook County in nearly 50 years. The nearly 400-acre horse farm is located in Barrington Hills. Comment?
Jun 23, 2016 | via National Mortgage News
Housing markets were less affordable than their historic norms in 18% of counties across the country, according to the Home Affordability Index for the second quarter from RealtyTrac. That figure is worse than in the first quarter, when only 5% of counties were less affordable than their historically normal levels, but better than a year ago when the figure stood at 20%. Comment?
Friday Jul 22 | via WAND-TV Decatur
Illinois Housing Development Authority officials, the Cook County Commissioner, and U.S. Senators Mark Kirk and Dick Durbin announced the re-opening of the Illinois Hardest Hit program, beginning August 1. Officials say the program aims to help families having trouble keeping up with mortgage payments due to a loss of income. Eligible homeowners can receive up to $35,000 in reinstatement assistance, monthly mortgage payment assistance, or a combination of both. Comment?
Friday Jul 22 | via Mortgage News Daily
Bottom Right Default State Name: Delaware State Name underscore: Delaware State Name dash: Delaware State Name lower underscore: delaware State Name lower dash: delaware State Name lower: delaware State Abbreviation: DE State Abbreviation Lower: de It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news. Treasuries' Selloff Momentum Stalls as Bond Bulls See a Rebound Bloomberg Treasuries erased losses, putting 10-year note yields on pace to end the week near where they started, in a win for bond bulls who speculated that the biggest selloff in a year wouldn't last even amid upbeat U.S. economic data. Comment?
Friday Jul 22 | via National Mortgage News
Chicago-area home prices no longer are climbing at the sharp pace recorded in the spring, but both prices and sales continued modest gains in June. Compared with a year ago, the median price of an existing single-family home or condominium sold in the nine-county Chicago area in June climbed 4.6 percent, to $242,500, the Illinois Realtors reported Thursday. Comment?
Thursday Jul 21 | via Y 103
July 21 - Statewide sales and median prices are still on the rise as the Illinois housing market has rounded out a strong first half of the year. According to a report by Illinois REALTORS, statewide home sales in June 2016 totaled 18,593 homes sold, which is up 1.4 percent compared to June of 2015. Comment?
Tuesday Jul 19 | via Mortgage News Daily
CoreLogic has cut back the timeline under which it expects to see distressed properties return to the share of sales that prevailed prior to the housing crisis. Its report on distressed sales for April now anticipates that, at the current rate of decline those sales will be back to about 2 percent of all home sales by mid-2017. Comment?
3 min ago | via New York Post
The New York State Department of Financial Services has launched a wide-ranging probe into Reverse Mortgage Solutions and Champion Mortgage's reverse-mortgage operations, following a story by The Post. Last Sunday, The Post broke the story of a sharp uptick in foreclosure cases against New York homeowners with reverse mortgages - risky home-equity loans made to senior citizens. Comment?
5 min ago | via Reuters
The Federal Reserve on Friday awarded $110.52 billion of three-day, fixed-rate reverse repurchase agreements to 60 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. On Thursday, the U.S. central bank allotted $45.19 billion in one-day reverse repos to 27 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.25 percent. Comment?
14 min ago | via Brandon Sun
A Federal Court judge has decided the Toronto Real Estate Board doesn't have to comply with a Competition Tribunal ruling that would allow its realtor members to post home-sales data online - for now. Judge Mary J.L. Gleason made the order on Wednesday, days before TREB's Aug. 3 deadline to make sales figures, pending sales and broker commissions more widely available. Comment?
8 min ago | via Inman Real Estate News
Zillow Mortgages reported its 30-year fixed mortgage at 3.32 percent July 26, which was unchanged over the previous week. The largest weekly gain was reported in Colorado, increasing 9 basis points to a 30-year mortgage rate of 3.35 percent. Comment?
9 min ago | via Inman Real Estate News
Today, the CFPB announced proposed updates to TRID, including one that clarifies that lenders may share the Closing Disclosure with third parties. When the Consumer Financial Protection Bureau announced several changes to the closing process that became effective in October, real estate agents and brokers had a few major concerns about the new rules. Comment?
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