The median price of a home in Illinois rose 7.3% in June, compared with that of a year earlier, according to the Illinois Association of Realtors.Sales rose 7.2% over the same period. The median cost of an existing single-family home was $183,270 in June, compared with $170,800 a year earlier, the association said. Record low interest rates in June helped sales reach 12,601 for the month. For the first half of 2003, sales are 2.9% higher than in 2002.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
