4 Articles match "Illinois","Real Estate","Standards"

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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
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As Foreclosures Mount, Candidates React to the Credit Crisis
39;” By contrast, Illinois Sen. Edwards also wants to ban certain fees, establish uniform broker licensing standards and start a national database for disciplinary infractions. With homes prices tumbling, foreclosures rising and a glut of unsold homes flooding the nation’s real estate markets, the relentless housing slide will continue to dominate the economic and political news in the months ahead. Posted 09-04-2007 4:49 PM by Octavion Filed under: Foreclosure With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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
    READ MORE
  • 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. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Now Homebuilders Face Foreclosure
    in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. The builders most at risk are Standard Pacific Homes of Irvine Calif., K. In future blogs, RealtyTrac will pinpoint specific developments where buyers can purchase new homes for a song. Posted 02-01-2008 11:57 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trends , homebuilder For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Foreclosures Mount, Candidates React to the Credit Crisis
    39;” By contrast, Illinois Sen. Edwards also wants to ban certain fees, establish uniform broker licensing standards and start a national database for disciplinary infractions. With homes prices tumbling, foreclosures rising and a glut of unsold homes flooding the nation’s real estate markets, the relentless housing slide will continue to dominate the economic and political news in the months ahead. Posted 09-04-2007 4:49 PM by Octavion Filed under: Foreclosure With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE