Illinois mortgage news | ||
State of Illinois Predatory Lending Database Pilot Program The Illinois Association of Mortgage Brokers says the Predatory Lending Database Pilot Program has drawn a map around Chicagos Southwest Side and has created obstacles for some consumers. Lawmakers say despite the criticism, the bottom line is the program should lower foreclosures in years to come. Law aims to cut mortgage fraud Colorado no longer is one of only two states in the U.S. where mortgage brokers are totally unregulated. Parkway completes acquisition of Chicago property Parkway Properties Inc. announced the completion of its fee simple purchase of One Illinois Center in Chicago. NATIONS HOUSING: Calif., N.Y., N.J. big for realty write-offs Federal tax benefits for homeownership are among the heftiest and most popular of any in the Internal Revenue Code: an estimated $81 billion for mortgage interest write-offs, $15 billion for local real estate taxes and another $24 billion for capital gains exclusions this year, according to the congressional Joint Committee on Taxation. Sale of One Illinois Center completed for $198 million (AP) -- Real estate investment trust Parkway Properties Inc. said Wednesday it completed its acquisition of One Illinois Center for about $198 million. Parkway also will pay closing costs, $1.6 million in transfer costs, $3.7 million in renovation costs, and $12.1 million in leasing costs, ... Deductions Are A Tempting Target Federal tax benefits for homeownership are among the heftiest and most popular of any in the Internal Revenue Code: An estimated $81 billion for mortgage interest write-offs, $15 billion for local real estate taxes and $24 billion for capital gains exclusions this year alone, according to the... This has been a nightmare Bellwood resident Pam Ellis didnt know her identity had been stolen until she applied to refinance the mortgage on her home earlier this year. She was denied a lower rate because she had too many open accounts and credit inquiries. Kite Realty acquires 3 Florida shopping centers Indianapolis-based Kite Realty Group Trust recently acquired three 100 percent-leased shopping centers in Naples, Fla. The transaction cost Kite $58 million, or $182 per square foot. The company financed the acquisition with a variable-rate debt. Business Events Scheduled for Next Week Major business events and economic events scheduled for the coming week : MONDAY, July 17 WASHINGTON -- Federal Reserve reports on industrial production for June, 9:15 a.m.; Treasury bill auction, 2 p.m. Business Events Scheduled for Next Week WASHINGTON - Federal Reserve reports on industrial production for June, 9:15 a.m.; Treasury bill auction, 2 p.m. CENTRAL ISLIP, N.Y. - Sentencing of former American Tissue CEO Mehdi Gabayzadeh for swindling banks and investors of nearly $30 million and causing the company to collapse. | ||