Highlights
A collection of news and information related to Federal Housing Administration published by this site and its partners.
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Housing Industry, Freddie Mac, Real Estate, Financial and Business Services, Services and Shopping
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When short sales leave sellers short
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a...Tags: Housing Industry, Finance, Freddie Mac, Consumers, U.S. Consumer Financial Protection Bureau
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Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres at Fay's Point, on a peninsula between the Cal-Sag...
Tags: Finance, Rentals, MB Financial Inc., Real Estate, Foreclosures
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Sellers: How to get the most for your house
Receiving five offers in 48 hours for my parents' former home bowled me over, especially considering the real estate market we all just barely lived through. And these weren't just offers; they were great offers for the four-bedroom ranch house I grew...
Tags: Real Estate Sellers, Homes
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Latest Indiana news, sports, business and entertainment
PURDUE-PLANE INTO FENCE Plane found in Purdue airport fence; pilot safe WEST LAFAYETTE, Ind. (AP) — The pilot of a small plane that veered into a fence at the Purdue University Airport says the aircraft was experiencing engine trouble before the...Tags: Explosions, Government Health Care, Entertainment Events, Plant Openings, Fashion Shows
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Federal review finds Indiana highway project negotiated land purchases met standards
INDIANAPOLIS (AP) — A review has found the prices Indiana paid to buy land for the Interstate 69 extension and other federally-funded highway projects met federal standards. The Federal Highway Administration published a report Wednesday finding...Tags: Highway Transportation
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Manager pleads guilty in Allentown mortgage fraud case
The manager of an Allentown mortgage company who obtained fraudulent loans worth $1.5 million has pleaded guilty in federal court. Joel Tillett, 36, of Whitehall Township admitted to conspiracy and forging loan documents to ensure clients' mortgage...Tags: Defendants, Lawyers, Federal Deposit Insurance Corporation, Financial and Business Services, Mortgages
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Insurance stalls revival
There were 11,256 bottles of wine in the cellar of Antoine's Restaurant on the morning of Aug. 29 when Hurricane Katrina struck, some of them rare, most of them expensive and all of them ruined when the power failed, the air conditioning died and the...Tags: Rivers, Corporate Officers, U.S. Congress, Northbrook, Rentals
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FHA financing attracts larger pool of buyers
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...Tags: Real Estate Buyers, Real Estate, Services and Shopping, Mortgages, Condos
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New Developments in Home Financing
Most experts agree that the housing market is strengthening and could be the bright spot for the U.S. economy in 2013. Signs of the housing recovery are clear: home values and inventory levels have stabilized; interest rates on mortgages remain near all-...Tags: Prices, Finance, Mortgages, Insurance, Economy, Business and Finance
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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...Tags: U.S. Postal Service, Finance, Freddie Mac, Religion and Belief, Christianity
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First-time buyers learn compromise
After about six months of looking, Richard Mallek and his wife, Susan, are ready to close on their first home, a three-bedroom sanctuary with old Florida charm in Boynton Beach, Fla. Before the couple began their search last summer, they paged through...
Tags: Boynton Beach, Real Estate Sellers, Real Estate Buyers, Real Estate, Coconut Creek
May 17, 2013
|Story| Los Angeles Times
May 18, 2013
|Story| Hartford Courant
May 17, 2013
|Column| Chicago Tribune
May 17, 2013
|Column| Orlando Sentinel
May 16, 2013
|Story| AP Indiana
May 15, 2013
|Story| AP Indiana
May 14, 2013
|Story| Allentown Morning Call
May 8, 2013
|Story| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 9, 2013
|Story| Hartford Courant
May 3, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Chicago Tribune
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