| Jul 14, 2014
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...
| Jul 8, 2014
| 10:44 PM
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...
| Jun 20, 2014
| 10:49 AM
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...
| Jul 11, 2014
— 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,...
| Jul 6, 2014
| 8:57 AM
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...
| Jun 26, 2014
| 1:56 PM
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...
| Jun 6, 2014
| 10:34 PM
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...
| Jun 3, 2014
| 11:20 AM
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...
| Jun 4, 2014
| 8:14 PM
| Jun 14, 2014
| 11:20 AM
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...
| Jul 10, 2014
| 2:01 PM
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...
| Jun 29, 2014
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...