| Dec 6, 2013
Foreclosure activity is on the decline, but officials continue to struggle to stop desperate homeowners from being victimized by individuals who make false promises about mortgage loan modifications.
The schemes, according to investigators, are growing...
| Nov 19, 2013
| 2:28 PM
The headline number on the big JPMorgan Chase legal settlement with state and federal regulators hasn't changed in the weeks since the negotiations over the deal first broke into the open: $13 billion. The deal's sponsors are falling all over themselves...
| Dec 2, 2013
| 7:45 AM
WASHINGTON -- Bank of America Corp. agreed to pay $404 million to Freddie Mac to settle claims related to bad mortgages the bank sold to the housing finance giant, the companies said Monday.
The settlement resolves all disputes between the two firms...
| Nov 27, 2013
September home prices in the Chicago area posted their best year-over-year gain since November 2005 but continued to recover at a slower pace than in other parts of the country, according to a widely watched monthly housing barometer.
| Dec 19, 2013
| 2:14 PM
WASHINGTON -- Treasury Secretary Jacob J. Lew formally told congressional leaders Thursday they must raise the debt limit by early March at the latest, warning the government has less ability to postpone a potential default than in the past.
| Dec 18, 2013
| 1:11 PM
Nothing like a little sugar to help investors swallow a bitter pill from the Fed.
The Federal Reserve's Open Market Committee announced Wednesday that it will finally start tapering its extraordinary efforts to stimulate the economy. Instead of printing...
| Nov 24, 2013
| 5:00 AM
WASHINGTON — For the growing numbers of home purchasers who care about energy efficiency, it's the ultimate "green" goal: Lenders should recognize the net savings that energy improvements provide to property owners and take them into account when...
| Nov 22, 2013
| 7:09 AM
Housing affordability in the Chicago area just took its biggest quarterly tumble since early 2005.
During the year's third quarter, 63.7 percent of all new and existing homes sold in the area were affordable to families earning the area median income...
| Nov 17, 2013
| 5:00 AM
WASHINGTON — Haven't we seen this movie before? On Capitol Hill for the second year in a row, key federal tax assistance for homeowners is heading for expiration within weeks. And there's no sign that Congress plans — or has the minimal...
| Nov 12, 2013
| 9:10 AM
Seniors with reverse mortgages who may face foreclosure due to non-payment of property taxes, homeowners insurance and association fees may qualify for up to $25,000 in aid, state officials said Tuesday.
The Florida Housing Finance Corporation has...
| Nov 8, 2013
In July 2010, four months after President Obama signed his universal healthcare act into law, he enacted his other signature achievement, the Dodd-Frank financial reform law. Although we haven't paid as much attention to it, Dodd-Frank is as flawed in its...
| Nov 7, 2013
| 6:15 PM
WASHINGTON — More than five years after the government seized Fannie Mae and Freddie Mac, taxpayers are close to breaking even on the controversial bailouts of the mortgage finance giants.
The companies said Thursday that they would make another...