| Sep 23, 2013
| 7:59 AM
More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam.
Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
| 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
| 7:39 AM
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...
| 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...
| Dec 15, 2013
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...
| May 2, 2013
| 3:04 PM
A Chicago man was sentenced to more than 12 years in federal prison after having been convicted of engaging in a mortgage fraud scheme involving 65 real-estate transactions on the South Side.
The scheme which netted Fred Haywood, 42, about $700,000...
| May 19, 2013
| 7:00 AM
How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
| Oct 8, 2013
Dorothy Leonard has lived for 33 years in the same house on the same block in West Humboldt Park, one of the better blocks in the struggling West Side Chicago neighborhood.
She's the block's unofficial ambassador, shooing away young people who gather...
| 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...
| Oct 7, 2013
| 5:36 AM
When Rick Buchler and his wife split up two years ago, they decided she would remain in their house near Stockton, Calif., and he would leave. The couple had no children, and Buchler's wife, a pediatrician, wanted to stay in the marital four-bedroom...