These are the contents of IAR News. Anything you add to this folder on the NewspaperClips.com website will be syndicated through this channel
Updated: 6 min ago
Four of the five largest mortgage servicers are failing to comply with key aspects of a national settlement designed to regulate how struggling borrowers are treated, a report released Wednesday shows.
The most egregious mistakes involved servicers taking too long to make decisions on loan modification applications and issues regarding notifications to borrowers, according to a compliance report
For the past four years, Will County has helped struggling families purchase homes in communities hit with foreclosures.
The Neighborhood Stabilization Program has put 93 families in homes and helped secure neighborhoods in Bolingbrook, Romeoville, Crest Hill and Joliet. The efforts were recently recognized when the program was ranked second in the nation.
"The downturn in the housing market lef
Home builders ramped up construction in May, providing an economic boost while they sought to take advantage of an improving housing market defined by low inventory.
Housing starts increased 6.8% from revised April figures to a seasonally adjusted annual rate of 914,000, the Commerce Department said Tuesday.That was 28.6% higher than May 2012.
The faster rate of construct
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) - U.S. builders began construction on more single-family homes and apartments in May, encouraged by more buyers and a scarcity of houses for sale.
The overall pace of homes started rose 6.8 percent last month to a seasonally adjusted annual rate of 914,000, the Commerce Department said Tuesday. That fo
Apartments have been the talk of the market since the crash, but it's local retail properties that are giving investors a bigger bang for their buck.
The one-year total return rate for retail properties in Chicago was 13.2 percent in the first quarter, compared with 12.7 percent for apartment buildings, according to data from the National Council of Real Estate Investment Fiduciaries, a Chicago-b
When photographers Sue Daley and Steve Gross set out to find old farmhouses to feature in their new book, they peered into broken windows and saw "kitchen tables set for breakfast that never took place fifty-odd years ago, the residents seemingly having gone out and never returned," they write.
The rural ideal that helped shape America has been largely abandoned, with empty farmhouses strewn acro
Facebook LikeGoogle Plus OneTweet Widget
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday leaped to 52 this month from 44 in May. It was the largest monthly increase