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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 12-22
  • 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...
  • Consumer bureau to test electronic mortgage closings

    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...
  • Fewer Chicago-area homeowners underwater on mortgages

    Fewer Chicago-area homeowners underwater on mortgages
    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...
  • Chicago-area home sales down 10% in April as inventory remains tight

    Chicago-area home sales down 10% in April as inventory remains tight
    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...
  • More homeowners are becoming first-time landlords

    More homeowners are becoming first-time landlords
    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...
  • New foreclosure filings show big decline

    New foreclosure filings show big decline
    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...
  • Undercover operative in probe of alderman's chief of staff testifies in court in another case

    Undercover operative in probe of alderman's chief of staff testifies in court in another case
    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...
  • Chicago-area home sales, prices rebound in 2013

    Chicago-area home sales, prices rebound in 2013
    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...
  • Unresolved foreclosure cases pile up in Cook County

    Unresolved foreclosure cases pile up in Cook County
    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...
  • Bernanke leaves legacy of stimulus and stagnation

    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...