Markham Real Estate News
Real Estate news for Markham, IL continually updated from thousands of sources.
Monday Jul 20 | via Business Journal
Two separate lawsuits accusing Wells Fargo & Co. of violating the federal Fair Housing Act have been dismissed, Reuters reports. Comment?
Sunday Jul 19 | via Housing Wire
Monday Morning Cup of Coffee takes a look at news coming across HousingWire's weekend desk, with more coverage to come on bigger issues. Friday was a rousing day of legal victories for the nation's largest mortgage lender, Wells Fargo , with the bank securing dismissals against two of the nation's largest municipalities, both of which accused the bank of predatory lending. Comment?
Friday Jul 17 | via Housing Wire
Wells Fargo secured a victory in court Friday, when a U.S. District Judge dismissed a lawsuit brought against the lender by Cook County, Illinois, which accused the bank of predatory lending. According to a Reuters report, U.S. District Judge Gary Feinerman ruled in favor of Wells Fargo, which stood accused of "targeting tens of thousands of black, Hispanic and female borrowers through 'equity stripping,' where it imposed excessive or unnecessary rates and fees as well as refinancing penalties." Comment?
Friday Jul 17 | via Reuters
Wells Fargo & Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in Los Angeles and Chicago. The lawsuits by the city of Los Angeles and by Cook County, Illinois, which includes Chicago, accused Wells Fargo of steering black and Hispanic borrowers into higher-cost loans, a process sometimes called "reverse redlining". Comment?
Friday Jul 17 | via Reuters
Wells Fargo & Co on Friday won the dismissal of a lawsuit by Cook County, Illinois that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in the Chicago area. U.S. District Judge Gary Feinerman in Chicago said dismissal was appropriate because Cook County, which includes Chicago, was not within the FHA's "zone of interests." Comment?
Yesterday | via American Reporter
Developments in the United Kingdom and Italy may ease some bon and stock market pressures, but on the eve of an emergency G-7 Finance Ministers' meeting Friday, I will provide them with a list from my money prescription pad, which, like my kids, they will likely ignore. First, how we got here, or rather the last few days of how we got here. Comment?
Dec 31, 2014 | via Business Wire
Reported quarterly FFOM of $0.57 per fully diluted share or $65.2 million, versus $0.58 per fully diluted share or $62.3 million for the second quarter prior year. Achieved same store wholly-owned occupancy of 88.9 percent as of June 30, 2015 compared to 87.8 percent for the same date prior year. Comment?
Tuesday Jul 21 | via Nu Wire Investor
Foreclosure inventory in the United States has fallen for 43 consecutive months, year on year, down to just 1.3% of homes. The latest data from CoreLogic shows that national foreclosure inventory fell by 27.4% in May compared with the previous year to approximately 491,000 homes. Comment?
Tuesday Jul 14 | via Builder
CoreLogic's Molly Boesel reports on the national decrease in foreclosure inventory in May 2015, which fell by 27.4% year-over-year to 491,000 loans. This represents 1.3% of all U.S. homes with a mortgage. Comment?
Monday Jul 13 | via Counterpunch
A black swan is Wall Street lexicon for an unpredicted event. The author of that concept, Nassim Taleb, opines that most of the major moves in stock market history originated as black swan events coming out of nowhere, with a random, stochastic disorderliness that pushes markets into wild gyrations and implosion. Comment?
5 min ago | via Examiner.com
Stocks rose on Friday, with the SP 500 closing at an all-time high, as sales of new single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/2 year-high. The Dow Jones Industrial Average closed unofficially... Steady even modest-paying jobs are a requirement for buying a home. Comment?
5 min ago | via Vicksburg Post
Local realtor Tommy Shelton is now nationally recognized with the Graduate Realtor Institute designation due to three one-week courses he took through the Mississippi Association of Realtors. "It makes me more confident and more aware of the rules and regulations and the laws," Shelton said. Comment?
6 min ago | via The Republic
After eight years of slow but steady growth, home sales in Bartholomew County jumped 15.7 percent in the first half of 2015, compared to the same time last year. A total of 530 residential properties in the county sold in the first six months of the year, according to the Columbus-based Crossroads Realtors Association. Comment?
6 min ago | via KXVO
The article draws on data posted online by mortgage website HSH.com, which ranks the 50 states and "Our goal is to give Pennsylvanians more affordable housing options. This national exposure in Money magazine confirms we're achieving our mission, and hopefully it informs even more is especially valuable for millennials considering the purchase of their first home. Comment?
7 min ago | via The Brattleboro Reformer
Mike Holmes, famous for calling out bad plumbing, woodworking and electrical work on the HGTV show "Holmes on Homes," says there are steps homebuyers can take to avoid many of those problems. Holmes has a new show on Fox called "Home Free" It's a competition show on which nine couples are challenged each week to restore a run-down home in Atlanta. Comment?
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