| 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,...
| 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...
| 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...
| 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...
| 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....
| Sep 17, 2013
| 10:01 PM
Single-family-home prices rose strongly in Chicago and suburban Cook County during the year's second quarter, according to a local home price index, validating the sentiment that a housing recovery has taken hold in the Chicago area.
However, the pace...
| 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:...