Servicing
Parties foreclosing on Chicago rentals face new obligations
Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant." This is according to a new city ordinance that is reshaping tenant's rights... Read More

Featured News

Dodd-Frank impact on loan availability remains a concern
The qualified mortgage rule's full impact on home lending remains somewhat of a mystery, but lawmakers and industry professionals debated the rule's potential influence on the home lending market during a House Subcommittee... Read More
Homebuilders face obstacles despite bright spots
Average selling prices for new homes jumped in the first part of 2013 as a limited supply of homes and a shift towards higher-priced, luxury homes revamped the dynamics of the market, analysts claim. Additionally, the... Read More
Don’t fear rising mortgage rates just yet: Freddie Mac
The interest rate for a 30-year, fixed-rate mortgage is expected to hover around 4% during the second half of 2013 after rising 0.5 percentage points in the past several weeks, Freddie Mac said in its latest U.S. Economic... Read More