Preparing for changes in the FHA process
On Nov. 1, several changes to the FHA approval process will go into effect, including the elimination of spot approval for condos, the addition of t [...]
The most important thing: Frank Binetti of Lincoln Park Savings Bank
I think the best thing people can do is make sure that they save their money for a down payment, and to make sure their credit is clean and up to date [...]
Quote of the day: Taking your chances
"If you don't have cash and you are looking to buy a condo, the chances of closing are less than 50 percent. If you do need financing and are willing [...]
Condo lending guidelines causing problems
As President of the Chicago Association of Realtors and Managing Partner of Prudential SourceOne Realty, David Hanna is well-positioned to understan [...]
At long last, a few mortgage fraud arrests
When you've been around Chicago long enough you simply shake your head and mutter forlornly about the near-complete lack of law enforcement while a wa [...]
Sacred cow no more? Budget proposal curtails mortgage interest deduction
Just days after winning a major legislative victory in the stimulus package, the housing industry lobby machine is cranking up again — this time to op [...]