Mortgage
Governor Blagojevich Renews Call for Foreclosure Protections for Illinois Homeowners
November 10, 2008 Posted by Illinois RealEstateRama
Governor Partners with Sen. Collins and Rep. Hamos to Introduce Foreclosure Moratorium of up to Three-months for Homeowners that Enter Counseling
CHICAGO, IL - November 10, 2008 - (RealEstateRama) — Standing with Ada Brown at the home she almost lost to an unaffordable adjustable rate mortgage, Governor Rod R. Blagojevich today renewed his call for legislation […]
Ask Roskam: Financial Security
October 15, 2008 Posted by Illinois RealEstateRama
DuPage, IL - October 15, 2008 - (RealEstateRama) — Throughout my first term in Congress I have regularly used conference calls, local town hall meetings and events throughout the district to communicate directly with my constituents.
Durbin Urges Federal Agencies to Use Newly Granted Powers to Prevent Foreclosures
October 6, 2008 Posted by Illinois RealEstateRama
WASHINGTON, D.C. - October 06, 2008 - (RealEstateRama) — United States Senator Dick Durbin (D-IL) sent a letter today asking the heads of the Federal Reserve, Federal Housing Finance Authority, Federal Deposit Insurance Corporation and the Secretary of the Treasury to aggressively and quickly work to minimize home mortgage foreclosures.
Illinois Attorney General Sues 14th Company for Mortgage Rescue Fraud
August 29, 2008 Posted by Illinois RealEstateRama
Madigan Alleges Florida Company Takes Advantage of Homeowners on the Verge of Losing their Homes to Foreclosure
Chicago, IL - August 29, 2008 - (RealEstateRama) — Illinois Attorney General Lisa Madigan today continued her aggressive legal fight against mortgage fraud by filing a lawsuit against a Clearwater, Fla., company which operates a rescue fraud scheme that […]
Madigan Bill Requires Lenders to Provide info to Help Struggling Homeowners Avoid Foreclosure
June 4, 2008 Posted by Illinois RealEstateRama
Legislation Headed to House Floor
Chicago – Attorney General Lisa Madigan, State Representative Marlow Colvin (D-33rd) and State Senator Jacqueline Collins (D-16th) have initiated new legislation to assist struggling homeowners to help save their homes.
Gov. Blagojevich Applauds Senate Committee Action on Landmark Homeowner Protection Legislation
April 23, 2008 Posted by Illinois RealEstateRama
New measure creates 60-day moratorium on foreclosure if families seek help
SPRINGFIELD – The Homeowner Protection Act, Senate Bill 1998, first announced by Governor Blagojevich last month and sponsored by Senator Jacqueline Collins (D-Chicago), cleared its first legislative obstacle earlier today when it was approved by the Senate Licensed Activities Committee.
JACKSON AND DALEY STRESS FORECLOSURE PREVENTION IN CHICAGO
February 27, 2008 Posted by Illinois RealEstateRama
HUD Secretary and Mayor encourage at-risk homeowners to attend city’s “Borrower Outreach Day”
CHICAGO - Foreclosure does not have to be inevitable. That was the message from U.S. Housing and Urban Development Secretary Alphonso Jackson and Chicago Mayor Richard Daley today as they encouraged residents to attend a city-sponsored “Borrower Outreach Day.” Jackson and Daley visited […]
Credit Crunch Shifts Emphasis to Top-Notch Management Skills for Driving Commercial Property Values, Says IREM(R)
February 4, 2008 Posted by Illinois RealEstateRama
CHICAGO, Feb. 4 /PRNewswire-USNewswire/ — “As the sub-prime mortgage crisis depresses the commercial credit market, which until recently had fueled soaring real estate investment returns, emphasis now is shifting to improving operating results to drive property values,” said IREM(R) President Regina T. Mullins, CPM(R).
Turnaround Pros See Housing Crisis Lasting Through 2008
December 28, 2007 Posted by Illinois RealEstateRama
Homebuilding and Mortgage Lending Industries Likely To Face Most Trouble
CHICAGO, Dec. 28 /PRNewswire/ — Still unfurling, the housing crisis of 2007 is the source of the top three picks by turnaround professionals predicting the most distressed industries in 2008.
‘Discover Why This Mortgage Industry Professional is MASSIVELY Increasing His Marketing ‘Budget’ in an Economy Right on The Brink of Recession!’
November 15, 2007 Posted by Illinois RealEstateRama
CHICAGO, Nov. 14 /PRNewswire/ — If you listen to the conventional wisdom, you’d believe the mortgage industry was “dead in the water” and any sane broker or loan officer would be best advised to find a nice “safe” career in another industry.
Pappas Calls on Mortgage Companies to Rescind “Frightening” Letters to Homeowners, and Apologize
November 8, 2007 Posted by Illinois RealEstateRama
And Demands the Companies Pay Taxes on Escrow Counts as Law Requires
CHICAGO, Nov. 8 /PRNewswire-USNewswire/ — Cook County Treasurer Maria Pappas today called on mortgage companies to rescind thousands of letters meant to “frighten” property owners into sending property tax bills to them and demanded that they pay taxes on their clients’ escrow accounts on […]
Pappas Says Mortgage Companies Try to Frighten Homeowners into Sending Bills to Them
November 7, 2007 Posted by Illinois RealEstateRama
With Misleading Claim About $5 fee Companies Should Pay
CHICAGO, Nov. 7 /PRNewswire-USNewswire/ — Mortgage companies must pay property taxes out of escrow accounts on time whether or not they have the original bill, Cook County Treasurer Maria Pappas said today.
Governor Blagojevich signs anti-predatory lending law, announces borrower outreach initiative to help fight foreclosures
November 5, 2007 Posted by Illinois RealEstateRama
Statewide ban on predatory mortgage products, counseling and face-to-face lenders’ meetings will help families keep their homes
SPRINGFIELD – As the nation’s foreclosure rate continues to rise, Governor Rod R. Blagojevich today took action to provide Illinois homeowners facing foreclosure with opportunities to meet directly with lenders, community housing counselors and local, state and federal housing […]
Contrarian Chicago Entrepreneur Reveals the SECRET ‘Phenomenon’ That Made Him as Much Income in 12 Months as He’d Made in the Last 12 YEARS, Even in the Middle of a ‘Recession’!
October 18, 2007 Posted by Illinois RealEstateRama
CHICAGO, Oct. 18 /PRNewswire/ — Listening to the pundits you’d believe America was in for another recession … and maybe it is … BUT ONLY IF you buy into it!
Chicago & Los Angeles Lead Top 10 Cities in Nation in High-Cost Loans
September 17, 2007 Posted by Illinois RealEstateRama
New Fed data shows national problem of borrowers hit with unexpected loan costs
CHICAGO, Sept. 17 /PRNewswire/ — Chicago and Los Angeles followed by Riverside County metro areas lead the nation in high-cost loans, which have become a troubling and persisting trend in communities around the country. These loans often affect people across race and community […]