| 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...
| 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...
| Apr 5, 2014
| 5:00 AM
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment.
But the last few years of low ownership costs and rising rents have some move-up buyers trying a new...
| May 20, 2014
| 3:49 AM
More homeowners with mortgages are recovering equity in their homes that was lost during the housing crisis, but the low end of the local housing market remains in bad shape.
So too, do homeowners in some outlying Chicago-area counties, according to a...
| May 22, 2014
| 1:49 PM
More Chicago-area homes came on the market in April than in any month during the past four years, a good sign for buyers stymied by a lack of inventory during their home search this spring.
Still, the number of available homes listed through the local...
| May 27, 2014
| 4:32 PM
Mhde Askar was barely out of high school but had hundreds of thousands of dollars stashed in his bedroom when he was arrested in 2008 in a massive mortgage fraud scheme.
Over the next six years, Askar, only in his 20s, worked undercover for the feds...
| 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...
| Apr 14, 2014
The billboard seen by thousands of motorists on the Stevenson Expressway speaks volumes about Victor F. Ciardelli III's ambition as founder, president and CEO of Guaranteed Rate Inc.
It doesn't advertise mortgage rates, although company billboards...
| Apr 22, 2014
| 11:02 AM
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...
| May 3, 2014
| 5:51 PM
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...
| Apr 25, 2014
| 12:14 PM
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...