Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S
Servicing / The Ticker

Illinois city aims to keep vacant property ordinance alive

A similar ordinance faced scrutiny in Chicago

Foreclosure
/ Print / Reprints /
| Share More
/ Text Size+

According to Evanston Now, a publication out of Evanston, Ill., the Illinois city is awaiting the aftermath of the Federal Housing Finance Agency’s recent lawsuit against Chicago. In the suit, the FHFA pushed to prevent Chicago from enforcing a vacant property ordinance when a GSE-backed loan is involved. After FHFA obtained a favorable ruling, Evanston is left to wonder about its own ordinance when a Fannie or Freddie loan is involved:

“The goal of our program essentially is to make sure any vacant buildings in the city are properly maintained,” said Carl Caneva, assistant director of Evanston’s Health Department.

“As of right now that does not affect how we act or how our ordinance is in effect,” Caneva said. “We are a home rule city and we have our own ordinances.”

Source: Evanston Now
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus