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Illinois

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Homebuyers are adjusting to the new normal of 7% mortgage rates

February 18, 2025 by bp56691
Homebuyers are adjusting to the new normal of  7% mortgage rates
As the 2025 spring homebuying season approaches — and the tone is set for what the rest of the year could look like — the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large.
Categories Chicago, HWmember, Illinois, Inflation, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Tariffs

Illinois Realtors’ leaders discuss market challenges and growth opportunities

February 10, 2025 by bp56691
Tracey Velt sits down with Illinois Realtors president Tommy Choi and CEO Jeff Baker to discuss challenges, opportunities and education.
Categories Chicago, HWmember, Illinois, Podcasts, Real Estate, Real Estate Agents

After sentencing of reverse mortgage scammer, Illinois activists seek home preservation program

January 21, 2025 by bp56691
Following the sentencing of scammer Mark Diamond, Illinois is considering a home renovation program for older residents under state law.
Categories CBS News, Chicago, HWmember, Illinois, Reverse

Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam

January 17, 2025 by bp56691
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
Categories Chicago, Department of Justice, FBI, HUD, HWmember, Illinois, Legal, Reverse

ERA-backed Results Realty expands in Chicago with Mark Allen acquisition

January 3, 2025 by bp56691
Results Realty ERA Powered, located in St. Charles, Illinois, has acquired Chicago’s Mark Allen Realty, giving the combined firm three offices and 80 agents. Mark Allen, led by broker Matt Liss, will now operate as Mark Allen Realty ERA Powered.
Categories Anywhere, Brokerage, Chicago, Illinois, Mergers and Acquisitions, Real Estate
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