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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 23-33
  • 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...
  • 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...
  • Bernanke leaves legacy of stimulus and stagnation

    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...
  • Banks reap benefits from donating foreclosed homes

    Banks reap benefits from donating foreclosed homes
    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...
  • Government announcing new mortgage lending rules

    Government announcing new mortgage lending rules
    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...
  • Investors' flight to Treasuries seen to have a short-term benefit to consumers

    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:...
  • FICO's radar picking up potential walkaways

    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...
  • Contingency sale offers becoming more acceptable

    Contingency sale offers becoming more acceptable
    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. Buy...
  • Settlement announced over Countrywide loans

    Settlement announced over Countrywide loans
    WASHINGTON—Illinois Atty. Gen. Lisa Madigan and federal officials today announced a $335 million national settlement with Bank of America stemming from former mortgage giant Countrywide allegedly steering minority borrowers into subprime loans and...
  • Finding the perfect ally to help you sell your home

    Finding the perfect ally to help you sell your home
    Like many homeowners, John Kennedy bought his Chicago condo when home prices were high. But when he got married and wanted a bigger place, selling his condo seemed out of the question because he owed more on his home than it was worth. The solution for...
  • DuPage women get 10 years each in mortgage scam

    Two DuPage businesswomen who illegally used money from customers at their Wheaton title company for their personal use each were sentenced today to 10 years in prison and ordered jointly to pay $1.8 million in restitution. Pamela Williams, 58, of Darien,...