| Dec 31, 2012
| 11:17 AM
Imagine that a federal agency wanted to hurt America's working-class families on purpose. How would it inflict maximum damage?
It might start by aggressively marketing homeownership to marginal borrowers. It would tell them that bad credit scores aren't...
| Dec 18, 2012
| 11:34 AM
The cash-strapped Museum of Broadcast Communications will have more time to pay off its newhome after receiving a three-year extension on its mortgage, according to an email this week from founder Bruce DuMont.
“We are moving forward,”...
| Dec 30, 2012
One of the Chicago area's most debt-saddled suburbs is borrowing even more money as it tries to put off the worst of its financial pain over the struggling Toyota Park stadium.
The latest borrowing binge — $27 million — will put Bridgeview...
| Feb 4, 2013
| 11:43 AM
Depending on the status of the real estate market the advice regarding renting versus owning can fluctuate, but for older adults ready to make a move, the state of the economy isn't the only consideration.
For some they have been living in the same...
| Apr 7, 2013
More than 50 struggling Chicago-area homeowners last year placed their faith and their savings into the hands of Washington National Trust, which promised to save their homes from foreclosure.
The homeowners, most of them Hispanic and living in Aurora,...
| Apr 15, 2013
| 2:14 PM
If you can't get in — or can't afford — a top business school, is an MBA from a lesser-known school worth it?
The answer depends largely on the student.
Those gunning for the top of the organizational chart, and without the networking...
| Aug 7, 2013
| 1:07 PM
President Obama paused on his trip through Los Angeles on Wednesday to conduct a novel interview on housing policy with the chief executive of the real estate website Zillow.com.
The president reiterated his call for the passage this year of a broad...
| Aug 27, 2013
A federal court ruling has dealt a setback to Chicago's efforts, and to potentially those of municipalities around the country, to maintain some of the vacant properties caught in the limbo of the foreclosure process.
Chicago's ordinance, which took...
| Sep 10, 2013
| 4:29 PM
The state of Illinois is suing the nation's largest privately held firm that maintains foreclosed homes, alleging it illegally broke into the occupied homes of people behind on their mortgage payments or in foreclosure, locked them out and removed their...
| Sep 12, 2013
In the first 10 days of September, city of Chicago operators logged 359 calls about problems at vacant buildings, ranging from reports of open or missing front or back doors to pried-off plywood panels to trespassers.
The city is trying to lessen that...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....