| Dec 1, 2013
| 5:00 AM
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...
| Dec 5, 2013
| 12:04 PM
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...
| Dec 12, 2013
| 1:21 PM
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...
| Sep 30, 2013
| 9:25 PM
Most Chicagoans won't notice a short-term federal government shutdown, but the effects could start to be felt by some if the stalemate lingers a few weeks, officials from Springfield to City Hall to college campuses indicated Monday.
That's because most...
| 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 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...
| Dec 20, 2013
In the historic Golden Dome field house in Garfield Park, bank executives and charity leaders gathered in August to trade hugs and self-congratulatory speeches.
Nonprofit groups on the West Side were helping restore communities by renovating homes...
| Jan 10, 2013
| 9:13 AM
Government officials are unveiling new mortgage lending guidelines designed to curtail risky loans that led to the housing bust.
From the Chicago Tribune: For most borrowers, the rules will mean no more interest-only mortgages, no more loans where...
| Aug 8, 2011
| 5:27 PM
Investors watched stock markets swoon and economists fretted about the nation's fragile recovery on the first day of trading after the unprecedented downgrade of the nation's credit rating.
But amid the gloom Monday were a few bright spots for consumers:...
| May 6, 2011
Your mortgage payments are up to date, and you pay your bills on time. Your credit score is above average.
Uh-oh. Could be trouble.
How could this be a problem? Alas, we live in a surreal age, creditwise. If you have those good credit characteristics...
| Dec 9, 2011
| 8:13 AM
For homeowners looking to upgrade — or downsize — their residences, it's a difficult chicken-or-egg question: Which comes first, buying a new place to live or selling an old one? Each situation presents a potentially thorny set of issues.