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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
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
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  • 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...
  • Would-be homebuyers are stuck on the fence

    New lending rules, fluctuating mortgage interest rates and slowly rising home prices haven't dampened enthusiasm for home purchases, but the combination is prompting a question from consumers to lenders. Do I qualify? "It's a different environment for...
  • Builders find silver lining in tight inventory of resale homes

    Chicago-area homebuilders are playing a game of catch-up after a rough winter delayed construction. And while they remain concerned about the broader economy and its effect on consumers' outlooks and their wallets, builders are smiling again. Among...
  • Chicago-area home sales fall again in March

    Chicago-area home sales fall again in March
    Sales of existing single-family homes and condominiums in the Chicago area fell for a third consecutive month in March, compared with a year ago, but the double-digit decline isn’t as bad as it seems. While the total sales volume was down 11.1...
  • Six-year sentence in $350,000 mortgage rescue fraud

    Six-year sentence in $350,000 mortgage rescue fraud
    A Chicago man has received a six-year prison sentence after pleading guilty to criminal mortgage rescue fraud. Warren Jackson, 44, received the sentence in Cook County Circuit Court Thursday in connection with activities that caused losses of more than...
  • The men who will decide Donald Sterling's fate: NBA's other owners

    As part of the NBA's sweeping sanctions against Clippers owner Donald Sterling over his controversial racial remarks, NBA Commissioner Adam Silver is urging the league's other owners to push for the Clippers' sale. Silver said that if three-quarters...