| Sep 17, 2013
| 10:01 PM
Single-family-home prices rose strongly in Chicago and suburban Cook County during the year's second quarter, according to a local home price index, validating the sentiment that a housing recovery has taken hold in the Chicago area.
However, the pace...
| Sep 23, 2013
| 7:59 AM
More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam.
Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
| Sep 29, 2013
| 2:30 PM
By Ilyce Glink and Samuel J. Tamkin
Q: I was listening to your radio show recently with some interest about the condition of the Chicago real estate market and was astounded by your response to one of your callers.
The man was a house painter who was...
| May 19, 2013
| 7:00 AM
How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
| Sep 17, 2012
| 1:11 PM
As institutional investors look for better returns in a low-interest-rate environment, Conning has partnered with an Illinois-based lender and underwriter to allow its customers to invest in commercial-mortgage loans.
The commercial mortgage loans will...
| Jun 7, 2013
| 8:37 AM
CHICAGO (Reuters) - The big four-story house in suburban Pittsburgh might remind you of the set of "The Golden Girls." But unlike the hit TV sitcom of the late 1980s and early '90s, the three women who live there are not in it for the laugh track....
| Apr 7, 2013
More than 50 struggling Chicago-area homeowners last year placed their faith and their savings into the hands of Washington National Trust, which promised to save their homes from foreclosure.
The homeowners, most of them Hispanic and living in Aurora,...
| Feb 4, 2013
| 11:43 AM
Depending on the status of the real estate market the advice regarding renting versus owning can fluctuate, but for older adults ready to make a move, the state of the economy isn't the only consideration.
For some they have been living in the same...
| Jan 10, 2013
| 9:13 AM
Government officials are unveiling new mortgage lending guidelines designed to curtail risky loans that led to the housing bust.
From the Chicago Tribune: For most borrowers, the rules will mean no more interest-only mortgages, no more loans where...
| Dec 30, 2012
One of the Chicago area's most debt-saddled suburbs is borrowing even more money as it tries to put off the worst of its financial pain over the struggling Toyota Park stadium.
The latest borrowing binge — $27 million — will put Bridgeview...
| Dec 18, 2012
| 11:34 AM
The cash-strapped Museum of Broadcast Communications will have more time to pay off its newhome after receiving a three-year extension on its mortgage, according to an email this week from founder Bruce DuMont.
“We are moving forward,”...
| May 2, 2013
| 3:04 PM
A Chicago man was sentenced to more than 12 years in federal prison after having been convicted of engaging in a mortgage fraud scheme involving 65 real-estate transactions on the South Side.
The scheme which netted Fred Haywood, 42, about $700,000...