Chicago Mortgage News

Chicago-based Commercial Mortgage Firm Sets 100% Growth Goal for 2012 - San Francisco Chronicle (press release)

Chicago-based Commercial Mortgage Firm Sets 100% Growth Goal for 2012 San Francisco Chronicle (press release) Clopton Capital, a Chicago commercial mortgage provider is setting the aggressive goal of expanding by 100% in size and profit over the course of 2012. Clopton Capital, a Chicago commercial mortgage provider is setting the aggressive goal of expanding ... and more »

Mortgage modification program expanded to investors, others - Chicago Tribune

Chicago Tribune

Mortgage modification program expanded to investors, others Chicago Tribune "These small multifamily buildings make up a big part of the housing stock in Chicago so any effort to stabilize them would be helpful. But one of the reasons that HAMP didn't target rentals was at some level these are businesspeople and why would you ... and more »

Fixed mortgage rates jump: Freddie Mac - MarketWatch

Toronto Star

Fixed mortgage rates jump: Freddie Mac MarketWatch By Amy Hoak, MarketWatch CHICAGO (MarketWatch) — Rates on the 30-year fixed-rate mortgage jumped this week, after data showed improvement in the housing market, according to Freddie Mac's weekly survey of conforming mortgage rates, released on ... 30-Year Mortgage Rates Rise From Record LowBloomberg all 228 news articles »

Condo Buyers Frustrated in Hunt for FHA Mortgages - LoanSafe

Condo Buyers Frustrated in Hunt for FHA Mortgages LoanSafe CHICAGO (Source: By Mary Ellen Podmolik Chicago Tribune) — Buying a condominium is getting trickier for anyone who wants to put down only 3.5 percent and have the government insure their mortgage. The issue isn't just the borrower's financial ... Fifth and Main condos win approval for FHA loansThe Tennessean all 7 news articles »

Illinois attorney general sues Standard & Poor's - Chicago Tribune

KMOX.com

Illinois attorney general sues Standard & Poor's Chicago Tribune CHICAGO— The Illinois attorney general filed a lawsuit Wednesday accusing Standard & Poor's of misleading investors by assigning its highest ratings to risky mortgage-backed investments during the years leading up to the crash of the housing market. Madigan Sues S&P For Role In Housing Market MeltdownCBS Local all 170 news articles »

Protesters pressure US mortgage settlement talks - Chicago Tribune

The Nation. (blog)

Protesters pressure US mortgage settlement talks Chicago Tribune About three dozen protesters from groups that include MoveOn.org, National People's Action and The New Bottom Line gathered Monday morning outside the state of Illinois building in downtown Chicago in a blustery rain, chanting, "Banks got bailed out, ... Political Push Moves a Deal on Mortgages Inches CloserNew York Times Foreclosure Settlement Proposal Reviewed as Protesters Gather in ChicagoBloomberg Bank Foreclosure Deal Reviewed by States as Delaware Drops OutBusinessWeek The Nation. (blog) -Baltimore Sun (blog) all 476 news articles »

Blackstone Said to Seek Debt in Bid to Seize Chicago Tower - BusinessWeek

Blackstone Said to Seek Debt in Bid to Seize Chicago Tower BusinessWeek The debt, including a $182 million mortgage that was packaged into bonds, financed their acquisition of the property in January 2007, when it was valued at $410 million, the data show. Borrowers are struggling to refinance a wave of loans made at the ... and more »

Community bank opens new branch in Chicago - Examiner.com

Community bank opens new branch in Chicago Examiner.com “Seven years ago Urban Partnership's predecessor ShoreBank financed my mortgage so I could become a homeowner after other banks turned me down,” recalled state Rep. Kenneth Dunkin, D-5th District. “And now with the grand opening of their Bronzeville ...

Advocacy Workshop Series Announced for Chicago-Area Homeowners with a Bank of ... - Sacramento Bee

Advocacy Workshop Series Announced for Chicago-Area Homeowners with a Bank of ... Sacramento Bee 85% of all loans originated between 2001-2008 were bundled and sold to one of thousands of mortgage-backed security (MBS) assigned to a Trust on Wall Street. Following Bank of America's acquisition of Countrywide in 2008, many Chicago homeowners are ... and more »