A developer had planned a 74-story tower with condos and a Mandarin Oriental hotel on the grassy site shown here. After being stuck in foreclosure for more than seven years, a prime vacant parcel just north of Millennium Park is poised to come out, a step sure to draw interest from the city’s biggest high-rise
On June 22, 2016, the CFPB released a special edition of its Supervisory Highlights focused on examinations of mortgage servicers between January 2014 and April 2016. Additionally, it released its third update to the mortgage servicing chapter of the CFPB Supervision and Examination Manual. Throughout the Supervisory Highlights, there is a particular focus on perceived
First-lien, residential mortgage loans performed about the same in the first quarter of this year as they did in the fourth quarter of 2016, but showed slight improvement over their performance in the same period of 2015, according to the Office of the Comptroller of the Currency’s (OCC) most recent Mortgage Metrics Report. At
If Florida having the highest amount of bank repossessions in the U.S. wasn’t bad enough, the state’s second-quarter foreclosure rates are still 26 percent above pre-recession levels, according to a new study by RealtyTrac. Florida was also in the top five states with highest foreclosure rate in the first-half of 2016, coming in at
BATON ROUGE, La. (AP) – State Treasurer John Kennedy says more than 4,000 borrowers in Louisiana are owed money from a settlement with mortgage servicers stemming from the 2008 housing bubble burst. Kennedy, in a news release Thursday, said the state had just deposited more than $2 million that is owed to Louisiana residents
Questions remain unanswered about Detroit demolitions Until this month, no city-funded demolition contracts had been sent to the council since 2012 as required by city law. 1 Way Service, a Detroit contractor, demolished a commercial building at 18730 Charleston Street on June 20, 2016 for $47,800, according to the city of DetroitÕs demolition database.
To amend the Internal Revenue Code of 1986 to extend for 2 years the exclusion from gross income of discharges of qualified principal residence indebtedness. Mr. Reed (for himself, Mr. Rangel, Mr. Heck of Nevada, Mr. Paulsen, Mr. Young of Indiana, Mr. Tiberi, Mr. Buchanan, Mr. Schock, Mr. Neal, Mr. Thompson of California, Mr.
Cowboys Dancehall is up for sale at a foreclosure auction. The business said that it will continue operations even as it is being sold. (Photo: KENS) Cowboys Dancehall is located near Loop 410 and I-35. The establishment offers drinks, dancing, concerts and other events. Currently on its website, it’s advertising upcoming events for July, the