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German bank under fire in Florida and at home
In hundreds of cases, the money trail from foreclosed and abandoned homes in South Florida leads across the Atlantic to Germany and this country's largest investment bank. Deutsche Bank was a heavyweight financial player during the American mortgage...
Tags: Sales, Property, Justice System, Foreclosures, Economy, Business and Finance
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Lakeshore East high-rise on track for February opening
Lakeshore East's eighth residential high-rise tower is on schedule for a February opening. Coast is a luxury rental property under construction at 345 E. Wacker Drive in Chicago, on the northwest corner of the $4 billion, 28-acre master-planned...
Tags: Media Industry
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Snagging a low mortgage rate requires steady paycheck, good credit
Sun SentinelJust how do you get one of those super low mortgages? This week, Freddie Mac reported home loans hit new historic lows with the 30-year fixed interest rate averaging 3.53 percent and 15-year fixed rate loans dropping to an average 2.53 percent. South...Tags: Homes, Economy, Business and Finance, Money and Monetary Policy, Miramar, Services and Shopping
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Condo prices cut at Lake Park Crescent
Prices have been slashed on CityHome condos at the Lake Park Crescent development in Chicago's North Kenwood-Oakland neighborhood.
Once priced at $219,000, the one-bedroom units, which occupy the ground floors and include patios, are now $109,800. The...Tags: Geneva (Kane, Illinois), Building Material, Shingles, Passenger Cars, Oakland (Chicago, Illinois)
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FHA rescinds tough new credit restrictions on loan applicants
WASHINGTON — In a policy switch that could be important to thousands of applicants seeking low-down-payment home mortgages, the Federal Housing Administration has rescinded tough new credit restrictions that had been scheduled to take effect Sunday....
Tags: Credit Ratings, Mortgages, The Washington Post, Finance, Equifax Incorporated
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Florida tops the nation in force-placed insurance
Florida led the country in its share of force-placed insurance premiums the past three years, including 35 percent, or $1.2 billion, in 2011 — more than three times the amount sold in the next-largest state, California. That's according to sworn...
Tags: Justice System, Trials, Companies and Corporations, Foreclosures, Insurance
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Ousted management company fails to cooperate with board
Q: Our condominium association has been managed by a management company. At the last board of directors meeting several weeks ago, a quorum of directors voted to terminate the management company. A certified letter was sent to the owner of the...Tags: Companies and Corporations, Condos, Mark Pearlstein, Economy, Business and Finance
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Wells Fargo agrees to pay $175M settlement in pricing discrimination suit
About 1,000 Baltimore-area residents are expected to receive thousands of dollars each under a landmark $175 million settlement between the U.S. Department of Justice and Wells Fargo over accusations of discriminatory lending practices.
Under the terms...Tags: U.S. Department of Justice, Property, George Nilson, Foreclosures, Morgan Stanley Dean Witter & Company
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Low-profile Obama donor has deep pockets
When President Barack Obama comes to Baltimore for a large fundraiser Tuesday at an Inner Harbor hotel, he'll first stop at the home of an Owings Mills developer who has kept a remarkably low profile despite having poured hundreds of thousands of...Tags: Justice System, Lawyers, Chesapeake (Chesapeake, Virginia), Economy, Business and Finance, Realty
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Free online guide helps struggling homeowners avoid foreclosure
Sun SentinelHundreds of thousands of Floridians threatened with foreclosure now have new help: The nonprofit Consumer Action group has just written a free online resource guide to help struggling homeowners facing foreclosure. Housing Help: Consumer Action's...Tags: Real Estate, Consumers
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Tumultuous decades for a housing-aid activist
Vincent Quayle knows the corrosive effect of foreclosures well, sitting as he does at the helm of a nonprofit group that helps homeowners in trouble.
But he says the current foreclosure crisis is nothing compared to the damage wrought by the...Tags: Condos and Houses, Unrest, Conflicts and War, Homes, Real Estate Sellers, Maryland
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New fees get residents coming and going
Q: Our condominium board will adopt a new set of rules and regulations effective next month. Can the board adopt rules that impose a financial burden on residents without a unit owner vote? One rule states every dog must be registered with the board on...
Tags: Finance, Housing and Urban Planning, Politics, Interior Policy, Economy, Business and Finance
Jul 15, 2012
|Story| South Florida Sun-Sentinel
Jul 19, 2012
|Story| Chicago Tribune
Jul 24, 2012
|Story| South Florida Sun-Sentinel
Jun 28, 2012
|Story| Chicago Tribune
Jun 30, 2012
|Story| Los Angeles Times
Jul 8, 2012
|Story| South Florida Sun-Sentinel
Jun 14, 2012
|Column| Chicago Tribune
Jul 12, 2012
|Story| Baltimore Sun
Jun 11, 2012
|Story| Baltimore Sun
Aug 26, 2011
|Story| South Florida Sun-Sentinel
Jul 10, 2011
|Story| Baltimore Sun
May 4, 2012
|Column| Chicago Tribune
Original site for Federal Housing Administration topic gallery.
