05Mar 2014 by Greg Kosin No Comments
GIT Sponsoring Asian Real Estate Association of America Leadership Breakfast

GIT Sponsoring Asian Real Estate Association of America Leadership Breakfast

Chicago Title Industry, Community Interest
Greater Illinois Title Company will be sponsoring the Asian Real Estate Association of America (AREAA) Leadership Enhancement Program Breakfast on March 6 at the Chicago Mercantile Exchange. This program is designed to assist the next generation of leaders in the Asian and Pacific Islander community. The Asian Real Estate Association of America is a professional organization dedicated to promoting sustainable home ownership in Asian American Communities and increasing business opportunities for real estate professionals.
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20Feb 2014 by Greg Kosin No Comments
Greater Illinois Title Company-Lead Sponsor for the Metro-Chicago Apartment Summit

Greater Illinois Title Company-Lead Sponsor for the Metro-Chicago Apartment Summit

Chicago Title Industry
The 2014 Metro-Chicago Apartment Summit is being held on Thursday,  March 6th from 7:30 AM to 11:30 AM at the historical landmark building, Germania Place. A panel of experts will discuss the current state of the market and financing options.  A managing assets panel will identify standards and amenities expected by today’s tenants. The Metro-Chicago Apartment Summit will be held at Germania Place, 108 West Germania Place in Chicago which is located one half block south of North Avenue off of North Clark Street.
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07Feb 2014 by Greg Kosin No Comments
Southwest Suburban Home Builders Association Elects GIT Honorary Life Time Director

Southwest Suburban Home Builders Association Elects GIT Honorary Life Time Director

Chicago Title Industry
GIT Congratulates Steve Peca! The SouthWest Suburban Home Builders Association (SSHBA) has elected Stephen G. Peca of Greater Illinois Title Co. to be an Honorary Life Time Director. Steve has been a member of the SSHBA since 1973. He is currently an Executive Officer on the Southwest Suburban Home Builders Association Board of Directors as Secretary and has been for at least the past 25 years. Steve has also chaired several committees throughout his years as an SSHBA member. The Southwest Suburban Home Builders Association is a professional organization representing and promoting the interest and advancement of the home building industry. The association promotes high standards, professionalism and service within the building industry and also supports the American dream of home ownership by being the unified voice for building industry issues, promoting political involvement…
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24Jan 2014 by Greg Kosin No Comments
GIT’s Rae Torbik Appointed to Housing Authority

GIT’s Rae Torbik Appointed to Housing Authority

Chicago Title Industry, Community Interest
Rae Torbik, Regional Account Manager with Greater Illinois Title Company was appointed to a three-year term to serve on the Board of Directors of the Affordable Housing Corporation of Lake County (IL). AHCLC is a non-profit agency that increases and preserves affordable housing opportunities throughout Lake County. Its programs help residents buy, improve and save their homes from foreclosure. The Board designs programs, policies, and strategies to promote affordable housing across the county. Last year, over 450 households were prepared for successful homeownership and over 400 households were prevented from going into foreclosure.  Congratulations Rae Torbik !!!
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17Jan 2014 by Greg Kosin No Comments

The New Era in Closings: CFPB Publishes Final Rule on Mortgage Disclosures

Chicago Title Industry
By: Gregory M. Kosin, President, Greater Illinois Title Company   The Consumer Financial Protection Bureau released its long awaited regulations last month that will change the way consumers shop for and close on residential real estate transactions. The new regulation combines disclosures required under the Truth in Lending Act and the Real Estate Settlement Procedures Act. At the CFPB rollout, the focus was on consumers: to help them make fair comparisons of different loan offerings, to provide for a better understanding of the long and short term costs of a loan and to provide a more detailed accounting of their transaction. The CFPB sought to determine what best helped borrowers understand the costs of their loans through extensive testing. This regulation is far-reaching and will take a great deal of…
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02Jan 2014 by Greg Kosin No Comments

Housing Market Index Bodes Well for the Home Building Industry

Chicago Title Industry
After being struck by the 2008-09 recession, the home building industry seems to be clawing its way back to success, and investors in the right companies could do well  in the coming years. When the the National Association of Home Builders/Wells Fargo Housing Market Index climbs above 50, homebuilders begin to expect better times ahead. So investors in that sector got good news on Dec. 17, when word broke that the index had risen to 58. After getting devastated by the 2008-09 recession, the homebuilding industry seems to be clawing its way back to success, and investors in the right companies could do well  in the coming years. Coming on strong Homebuilders have not been this confident since July. For the last four months, the housing market index has continued to…
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06Sep 2012 by Greg Kosin No Comments

Chicago Title Industry Update – September 2012

Chicago Title Industry
The title industry is benefitting these days from the record low mortgage interest rates as many rush to take advantage of new historical lows. Although about one third of parties applying for a new loan are not approved due to credit or appraisal issues, many are taking advantage of locking into shorter term loans including ten year mortgages. Existing home sales were up in August partially fueled by the low rates. Meanwhile, the American Land Title Association (ALTA), our industry’s national trade group, is joining with the National Association of REALTORS®, the Homebuilders and the Mortgage Bankers Association to urge passage of a one year extension to temporary high cost conforming loan limits for Fannie, Freddie and FHA. Although the deadline is October 1st and action is not expected by…
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