Illinois’ housing market was one of the weakest in the nation prior to 2020, and employment issues have heightened market uncertainty.
Read More »Obligations Fulfilled for Goldman Sachs’ Mortgage-Backed Securities Settlements
Goldman Sachs successfully completed about 77% of the $1.8 billion in consumer relief it is obligated to provide under its two mortgage-backed securities settlements with the U.S. Department of Justice and three states, according to a report by the independent monitor ...
Read More »Supreme Court States “If Sought” is Seeking
What constitutes a “same” cause of action, especially when multiple contracts are at play? A recent Illinois Supreme Court ruling in First Midwest Bank v. Cobo examined this term and what it actually meant in foreclosures.
Read More »Redfin Mortgages Expanding to Illinois
To help homebuyers remain strong in a competitive market, Redfin’s underwritten pre-approvals are expanding outside of Texas.
Read More »Counsel’s Corner: Ruling Puts Lenders on the Hook for Unpaid Assessments
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Louis Manetti of Codilis & Associates.
Read More »Potestivo & Associates Adds Two Associate Attorneys
Default servicing firm Potestivo & Associates, headquartered in Rochester Hills, Michigan, and full-service offices in Grand Rapids, Michigan, and Chicago, Illinois, has announced the hiring of two new associate attorneys, Nicholas J. Tatro and Caitlin Cipri, according to an announcement ...
Read More »Anselmo Lindberg Oliver Adds Four Associate Attorneys To Default Services Group
Anselmo Lindberg Oliver LLC, a default servicing law firm that serves clients in Illinois, Indiana, Ohio, Kentucky, and Michigan, has recently announced the addition of four new associate attorneys – Mary Spitz, Alexander J. Toth, Luke Wiley, and Berkely Cobb – to its Default Practice Group.
Read More »FHFA Launches Neighborhood Stabilization Pilot Program in Illinois
The Neighborhood Stabilization Initiative is a set of strategies that aim to help delinquent borrowers avoid foreclosure and create a more efficient disposition path for foreclosed properties that will first be introduced in Cook County, Illinois. The housing market in the county, which contains Chicago, took a precipitous dive at the end of 2008 that took four years to reverse, according to data from DePaul University.
Read More »Anselmo Lindberg Oliver Name Change Reflects Addition of Partner
Chicago-based law firm Freedman Anselmo Lindberg LLC, a provider of default and real estate services to the mortgage industry, has announced that the name of the firm has changed to Anselmo Lindberg Oliver LLC recognizing the elevation of Doug Oliver to partner within the firm.
Read More »Counsel’s Corner: Difficulty of Forecasting Presents an Ongoing Challenge
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Adam Codilis, VP and Attorney at Law of Chicago-based Codilis & Associates.
Read More »