| 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 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...
| 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 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...
| 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...
| 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...
| 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...
| 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...
| 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...
| 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...
| 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...