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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
  • 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...
  • 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...
  • 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...
  • Many buyers find the mortgage process unpleasant

    The shortage of houses for sale has changed the real estate landscape in numerous ways. One is that finding just the right place has supplanted obtaining financing and wading through the necessary paperwork as the most difficult aspect of the buying...
  • Former Chicago cop pleads guilty in mortgage fraud scheme

    Former Chicago cop pleads guilty in mortgage fraud scheme
    A former longtime Chicago police lieutenant pleaded guilty today to participating in a mortgage fraud scheme involving a Northwest Side real estate mogul and a crooked former suburban police chief. Erroll Davis, 52, choked up as he entered his guilty...
  • Cook County home prices jump

    Cook County home prices jump
    The value of single-family homes in Cook County sold during the third quarter rose 12.7 percent from a year earlier, the biggest year-over-year gain in at least 16 years, data released Thursday show. Year-over-year, third-quarter home prices rose 13.3...
  • Emanuel joins JPMorgan boss in announcing job skills campaign

    Emanuel joins JPMorgan boss in announcing job skills campaign
    WASHINGTON — Mayor Rahm Emanuel today joined the chair of JPMorgan Chase as the firm announced a five-year, $250 million effort to close the “skills gap” to curb unemployment in urban areas in the U.S. and Europe. Chicago is among...
  • Wall Street moving in on American Dream

    Wall Street moving in on American Dream
    The new homeowners on your block could be from out of town — Wall Street. After amassing significant rental portfolios elsewhere, deep-pocketed institutional investors are descending on the Chicago area, buying up thousands of single-family homes...
  • 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...
  • Chicago-area home sales fall again in March

    Chicago-area home sales fall again in March
    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...
  • 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...