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The suit, filed in U.S. District Court in Chicago, seeks to exempt all those mortgages from the ordinance. On Tuesday, Chicago officials said they plan to vigorously defend the ordinance in court. Despite that legal challenge, county ...

Cook County passes vacant building ordinance similar to Chicago's

(NewsCore) - Newt Gingrich continued to defend his former ties to government-run mortgage giant Freddie Mac on Sunday, although he said his campaign "earned" the criticism for failing to sufficiently explain his involvement. The former House ...

Gingrich Defends Former Freddie Mac Ties

The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall. Low rates offer a great opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of them.

Mortgage rates hit record low of 3.94%

CHICAGO, Dec. 7 (UPI) -- The percentage of troubled U.S. home mortgages is likely to fall modestly by the end of 2012, researchers at TransUnion said Wednesday. At the end of December, the percentage of homeowners 60 days or more past due on ...

Mortgage delinquencies predicted to drop

“The ordinance would impose on the Enterprises the responsibilities, but not the benefits, of ownership of vacant property on which they hold mortgages,” FHFA said. According to FHFA, Chicago’s new vacant property law would create ...

FHFA Sues City of Chicago over Vacant Property Ordinance

The number of mortgage applications filed in the U.S. last week rose 13 percent from the prior week, the Mortgage Bankers Association said Wednesday, as falling mortgage rates enticed new borrowers. Refinance activity climbed 15 percent ...

Mortgage applications jump 13%

Chase, seeking to fill 400 positions in its mortgage banking area, is holding a job fair on Tuesday in downtown Chicago. The job fair will be Tuesday from 11 a.m. to 6:30 p.m. in Chase Tower at 10 S. Dearborn. The new mortgage banking employees ...

Chase to add 400 mortgage workers in Chicago

The federal regulator overseeing Fannie Mae and Freddie Mac sued the city of Chicago on Monday over an ordinance that makes mortgage creditors liable for the upkeep of vacant properties. Lenders are liable for daily fines of as much as $1,000 if ...

Chicago Sued Over Vacant-Properties Upkeep Fee

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