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PennyMac, headed by former No. 2 at Countrywide, files for IPO
PennyMac Financial Services Inc., the 5-year-old mortgage company founded by former Countrywide Financial Corp. President Stanford L. Kurland, plans to go public on the New York Stock Exchange. PennyMac, which makes, buys, sells and services...Tags: Freddie Mac, Countrywide Financial Corp., U.S. Securities and Exchange Commission, Economy, Business and Finance, NYSE Euronext, Inc.
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Niles, Park Ridge, Des Plaines police blotter: March 13
The following items were taken from police reports: Des Plaines •A Park Ridge man was arrested March 2 and charged with possession of drug paraphernalia and unlawful use of a weapon after a traffic stop on the 500 block of Radcliffe Avenue. The...
Tags: Drunk Driving, Police Arrests, Crime, Law and Justice, Prosecution, Drug Trafficking
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Surge in foreclosure auctions shows Chicago-area market's pain
More than 35,000 homes and small multifamily buildings in the Chicago area completed the foreclosure process last year, the highest number since the housing crisis began, and the vast majority of them became bank-owned. An increase in foreclosure...Tags: Foreclosures, Freddie Mac, Auction Service, Services and Shopping, Real Estate
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Friday is deadline to file for a piece of $25 billion national mortgage settlement
Watchdog with Paul MuschickIf your mortgage is serviced by one of five qualifying banks and you need a loan modification, are underwater on your mortgage or were foreclosed on between 2008 and 2011, you could get compensation through a national mortgage settlement that's...... -
Woodstock Institute finds gender bias in joint home loan, refinancing approvals
Co-borrowers may want to rethink whose name goes first on a mortgage application. Early findings from a study under way at the Woodstock Institute found that in the six-county Chicago area, joint applications for home purchases and refinancings were much...
Tags: Feminism, Interior Policy, Joint Ventures, Minority Groups, Social Issues
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Who's Driving Sprawl? The Feds
When this page began looking at the adverse effects of sprawl development several years ago and encouraging smart growth as an antidote, our editorialists were accused of "telling people where to live." Balderdash. It wasn't Mother Courant who was...
Tags: Taxation, Rentals, Condos and Houses, Freddie Mac, Economy, Business and Finance
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Some in Laurel facing sequestration with optimism, others brace for trickle-down effect
When Congress and the White House failed to make a deal on budget cuts March 1, sequestration went into effect, requiring federal agencies to identify $85 billion in required cuts. The looming reductions, which will be spread across agencies —...Tags: Job Layoffs, Government Debt, Business, Budgets and Budgeting, NASA
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The last Dow record: My, how things have changed
Remember the world on Oct. 9, 2007? That was when the Dow Jones industrial average last set a record high. It was a headier time back then: pre-financial crisis, pre-bailouts, pre-Great Recession. The stock market still felt like a party. The economy,...Tags: JPMorgan Chase & Co., Wachovia Corp., Apple iPhone, Elections, Freddie Mac
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Fannie Mae, Freddie Mac to merge some functions in new company
WASHINGTON — The federal regulator for Fannie Mae and Freddie Mac took the first major step toward possibly shutting down the taxpayer-rescued firms by deciding to merge some functions of the mortgage financing giants into a new company. The...Tags: National Government, Freddie Mac, Economy, Business and Finance, Politics, U.S. Congress
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Property transfers: March 1, 2013
Property transfers recorded in the Clark County Clerk’s office for Feb. 18-22. — Julian Harris and Mary Virginia Harris to Chanty Eng and Chansopha Loeurng, three tracts, $91,000. — Thornderosa LLC to Jennifer A. Algire and Michael K....
Tags: Loans, Bank of America Corp.
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When the government backs mortgages
How should we reform our broken housing finance system? To what extent should the federal government continue to provide guarantees for mortgage financing, such as the ones it provides for Fannie Mae and Freddie Mac? With Fannie and Freddie in a federal...
Tags: Financial Markets, Freddie Mac, Economy, Business and Finance, Loans, Services and Shopping
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New rules to govern Illinois foreclosures
The Illinois Supreme Court on Friday announced new rules governing mortgage foreclosures that will require lenders to prove to judges that they have exhausted all efforts to help a borrower before seeking a foreclosure judgment against the homeowner. The...
Tags: Justice System, Foreclosures, Business Enterprises, Freddie Mac, U.S. Consumer Financial Protection Bureau
Feb 8, 2013
|Story| Los Angeles Times
Mar 13, 2013
|Story| Chicago Tribune
Feb 5, 2013
|Story| Chicago Tribune
Jan 17, 2013
| Allentown Morning Call
Mar 12, 2013
|Story| Chicago Tribune
Mar 11, 2013
|Story| Hartford Courant
Mar 8, 2013
|Story| Baltimore Sun
Mar 6, 2013
|Story| Petoskey News
Mar 4, 2013
|Story| Los Angeles Times
Mar 1, 2013
|Story| Winchester Sun
Mar 1, 2013
|Story| Los Angeles Times
Feb 22, 2013
|Story| Chicago Tribune
Original site for Fannie Mae topic gallery.