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3 Articles match "2006","Illinois","Real Estate"
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The Latest from RealtyTrac
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Legislating Lower Foreclosure Rates?
An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors. One such
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosure Filings Soar 90 Percent
percent, down 11 basis points from the previous quarter, but up 43 basis points from the first quarter of 2006. The Top 10 was rounded out by seventh place Illinois with 6,824 filings, Colorado with 6,321, Arizona with 5,918 and Nevada with 5,235 foreclosure filings. 1 in 194 households) View a complete list of foreclosure statistics by state . Posted 06-14-2007 3:37 PM by Octavion Filed under: A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Mortgage Reform to Calm Foreclosure Storm
In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. Illinois House Bill 4050, a pilot program for 10 Chicago zip codes that was enacted in September 2006, was suspended by Gov. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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-
Legislating Lower Foreclosure Rates?
An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors. One such
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Mortgage Reform to Calm Foreclosure Storm
In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. Illinois House Bill 4050, a pilot program for 10 Chicago zip codes that was enacted in September 2006, was suspended by Gov. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Filings Soar 90 Percent
percent, down 11 basis points from the previous quarter, but up 43 basis points from the first quarter of 2006. The Top 10 was rounded out by seventh place Illinois with 6,824 filings, Colorado with 6,321, Arizona with 5,918 and Nevada with 5,235 foreclosure filings. 1 in 194 households) View a complete list of foreclosure statistics by state . Posted 06-14-2007 3:37 PM by Octavion Filed under: A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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