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Chicago Mortgages

A collection of news and information related to Chicago Mortgages published by this site and its partners.

Top Chicago Mortgages Articles

Displaying items 13-24
  • Some homeowners miss out on housing recovery

    Some homeowners miss out on housing recovery
    Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust. They read up on loan modifications, but...
  • Chicago picked as second city for housing program

    Chicago picked as second city for housing program
    Chicago will be the second city for the federal government's Neighborhood Stabilization Initiative, Mel Watt, director of the Federal Housing Finance Agency, announced Tuesday. The pilot program, announced for Detroit in May, is designed to help...
  • The bottom line on an upbeat market

    HOUSTON — Ever heard the phrase "damned with faint praise"? That's what continually came to mind about the state of the housing recovery as journalists and industry representatives came together here for the annual conference of the National...
  • Driving my Mercedes to pick up food stamps

    Driving my Mercedes to pick up food stamps
    — Sara Bareilles played softly through the surround-sound speakers of my husband's 2003 Mercedes-Benz Kompressor as I sat idling at a light. I'd never been to this church before, but I could see it from where I was, across from an old park,...
  • Builders, lenders try new tactics to lure buyers

    Builders, lenders try new tactics to lure buyers
    The housing market's recovery has lost some of its frenzy, but dynamics still at work in the market — a lack of inventory, short market times and worries about mortgage qualifications — are creating opportunities for companies eager to capture...
  • Fannie, Freddie in search of those still eligible for HARP

    Fannie, Freddie in search of those still eligible for HARP
    Amid flagging interest for the Home Affordable Refinance Program, Fannie Mae and Freddie Mac are taking their pitch on the road, with the first stop in Chicago next month. Mel Watt, director of the Federal Housing Finance Agency, is scheduled to meet...
  • City attorney takes aim at big banks

    Much of what Los Angeles City Atty. Mike Feuer alleges in his lawsuits against four big banks for their mortgage and foreclosure practices isn't debatable. In his latest lawsuit filed May 30 against JP Morgan Chase, Feuer alleges that mortgage lenders...
  • Willis Tower struggling with debt

    Willis Tower struggling with debt
    Debt on Chicago's Willis Tower, formerly the tallest U.S. building, was put in special servicing after the borrower requested a loan modification, Fitch Ratings Inc. says. "The borrower anticipates significant capital costs going forward in order to...
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  • Lean retirement looms for Generation X

    Lean retirement looms for Generation X
    Vera Johnson from Seattle is barely making do, let alone saving for retirement. "I try to remain in the present moment and not live in fear of the future," said Johnson, who has neither retirement savings nor a college fund for her two children. "My...
  • MetLife, Developer To Build $110 Million Industrial Distribution Center Near Atlanta

    MetLife Inc. announced Thursday it is teaming with a California developer to build a $110 million industrial distribution center near Hartsfield-Jackson Atlanta International Airport in Georgia. The New York life insurer, which has operations in...
  • 5 years after the Great Recession: Where are we now?

    5 years after the Great Recession: Where are we now?
    It was the worst U.S. economic calamity since the 1930s. Over 18 months, the Great Recession erased trillions of dollars in wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. More than half of adults lost a job or saw a cut in...