| 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...
| 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...
| May 3, 2014
| 6:51 PM
The days of sitting down at a home mortgage closing and leaving 20 minutes later with keys to a new home are getting closer.
An electronic closing pilot program, to be rolled out this year by the Consumer Financial Protection Bureau, aims to form...
| 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...
| 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...
| Jan 16, 2014
It's another piece of the puzzle needed to complete a recovery of the housing market, and there are signs that it's falling into place.
Foreclosure activity last year in the Chicago area fell to its lowest level since 2008, when the housing crisis began...
| Mar 10, 2014
| 5:09 PM
The undercover informant who secretly recorded meetings with Ald. Howard Brookins as part of an FBI sting testified Monday that he also wore a wire for authorities after his 2008 arrest in a federal mortgage-fraud investigation.
Mhde Askar, who...
| Jan 24, 2014
Seven years after crashing in spectacular fashion, the Chicago area's housing market found its footing in 2013, leading to optimism that the darkest days are behind an economic growth engine that fuels the sale of everything from home loans to lawn...
| Jan 24, 2014
| 3:32 PM
Editor’s note: The Woodstock Institute said Friday it made a significant error in reporting foreclosure cases for Cook County. The error, in turn, affected several of its findings contained in a story on the front page of Wednesday’s...
| Jan 25, 2014
| 8:44 PM
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to...