Items Tagged with 'Illinois'

ARTICLES

  • Sitting Cook County judge convicted in mortgage fraud scheme

    Timetable on removal from office unclear
    A sitting Cook County, Ill. judge is facing removal following a conviction in a $1.4 million fraud scheme. Judge Jessica Arong O'Brien, who was elected to the bench in 2012, was convicted Thursday on two counts of fraud for scamming several different lenders through the purchase of two properties on the city’s South Side prior to becoming a judge.
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  • Redfin Mortgage expanding to Illinois

    Online real estate brokerage rolled out mortgage lending in Texas earlier this year
    Redfin’s play to become a true digital "one-stop shop" for homebuyers is about to take another step forward. Earlier this year, Redfin rolled out a mortgage lending business, launching Redfin Mortgage in Texas. Now, Redfin is expanding Redfin Mortgage into Illinois and has plans to keep growing.
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  • Hey first-time homebuyers! Chicago bank now offers high yield down payment savings account

    Offers account with 5% annual percentage yield
    Chicago-based Countryside Bank is rolling out a new program for first-time homebuyers in the area who need help saving for a down payment. Besides assistance from bankers who will help create a customized savings plan, the bank’s new program also includes the option of a high yield savings account that has an annual percentage yield of 5%.
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  • Ocwen begins settling with states to remove mortgage servicing restrictions

    Consent orders reached with Illinois and Montana

    Back in April, more than 20 states clamped business restrictions on Ocwen Financial for alleged rampant errors with homeowners’ escrow accounts and other mortgage servicing issues. Now, five months later, Ocwen is beginning to dig its way out of from under those restrictions, but the company isn’t getting away clean.


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  • Ocwen takes Massachusetts, Illinois to court to fight mortgage restrictions

    Nonbank says that states’ restrictions will cause “significant harm” to consumers
    Last week, a raft of state regulators clamped new business restrictions on Ocwen Financial for alleged rampant errors with homeowners’ escrow accounts and other issues at the nonbank. Ocwen said that it intended to fight back against the state regulators’ accusations and business restrictions, and the company did just that on Tuesday, announcing that it is taking the regulators in Massachusetts and Illinois to court to fight for its ability to operate within the states.
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  • Historically mild winter leads to hot spring housing market in Chicago

    Home sales jump nearly 15% in March
    It was unusually warm in Chicago this winter. How warm? According to the National Weather Service, no snow fell in Chicago in January or February. That’s the first time that’s happened in 146 years. While this year’s winter may be a once-in-a-lifetime event for the Windy City, the mild meteorological start to the year is leading to a hot start for the area’s housing market.
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  • Cook County judge indicted for role in mortgage fraud scheme

    Jessica O’Brien accused of fraudulently obtaining $1.4 million in mortgage loans
    A Cook County, Illinois, judge finds herself on the wrong end of criminal charges after federal authorities accused her of taking part in a $1.4 million mortgage fraud scheme. According to the U.S. Attorney’s Office, Jessica O’Brien caused lenders to issue and refinance approximately $1.4 million in mortgage and commercial loans by “making false representations and concealing material facts in documents submitted to the lenders.”
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  • Parkside Lending celebrates historic Chicago Cubs victory with mortgage deal

    Illinois residents get discounted rate lock fee for 7 days
    Considering that Chicago Cubs fans waited more than a century to celebrate their team’s first World Series victory, after what some are already calling the greatest game in Major League Baseball history, the party is sure to last quite a few days. And if any of those long-suffering Cubs fans are looking to put a little cherry on top of their World Series sundae by buying a home in the next week, Parkside Lending has a great deal for them.
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