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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 67-77
  • The appraisal game has changed. Here's what you need to know.

    Tim McCarthy remembers what usually happened in the old days -- just a few years ago -- when a property appraisal would land on a mortgage lender's desk. "The lenders would get a two-page appraisal, they'd look at the bottom of the second page [at the...
  • Timeline: Christopher J. Dodd

    May 27, 1944: Born in Willimantic, the fifth of six children, to Sen. Thomas J. and Grace Murphy Dodd. 1966-68: Serves in Peace Corps in the Dominican Republic. 1968: Graduates Providence College. 1969-1975: Serves in the Army Reserve. 1970: Marries...
  • Vegas dreamers go all in

    Vegas dreamers go all in
    An arctic evening in Minnesota: Tracy Bridges shivered near her apartment window, weary of snowstorms and slender paychecks. She was 27, making $23,000 dealing blackjack at an Indian casino in Duluth, and couldn't shake thoughts of those dealers who had...
  • Buy now: Time is running out on the first-time buyers tax credit

    Buy now: Time is running out on the first-time buyers tax credit
    This article contains revised material. The federal government, through the American Recovery and Reinvestment Act of 2009, is offering a leg up on home ownership. But don't be caught lagging behind. A tax credit of up to $8,000 is available for...
  • Freddie Mac scandals began during Emanuel's watch

    Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top...
  • Owners' 'strategic defaults' on mortgages depend largely on how far underwater they are

    Owners' 'strategic defaults' on mortgages depend largely on how far underwater they are
    That some underwater owners -- whose houses are worth less than what they owe -- are walking away from their homes even though they can still afford to make their mortgage payments has been well reported, if not well documented. But just how prevalent...
  • Some lawyers profit off foreclosure fears, loan modifications

    Some lawyers profit off foreclosure fears, loan modifications
    A loophole in state and federal laws has made it easy for some attorneys to take advantage of Illinois residents struggling to keep their homes. Attorneys are among the few professionals who can legally charge upfront fees to help homeowners modify their...
  • Now's the time to take advantage of price reductions, other incentives

    Now's the time to take advantage of price reductions, other incentives
    Often, the most enticing incentive for a home buyer is a lower priced house. That lesson hasn't been lost on builders in the Chicago area and nationwide. In the wake of the expiration of the Federal Home Buyers Tax Credit on April 30, the most popular...
  • Renting what you can't sell

    Renting what you can't sell
    When Ed Amaya put his Oak Park bungalow up for sale in mid-2007, homes in his neighborhood sold in a matter of days, weeks at the most. "We had some showings; got close to a deal," recalled Amaya. But as the housing market soured, a sale proved elusive....
  • Where's relief for homeowners who played by rules?

    Where's relief for homeowners who played by rules?
    The misdeeds on Wall Street that worsened the financial crisis have created a legion of angry homeowners asking, "Where's my bailout?" Some homeowners feel justified in walking away from their mortgages. After all, banks and other financial companies...
  • Buying a foreclosure

    Buying a foreclosure
    One way to help an ailing housing market regain its health is to clear the books of foreclosures. Buying foreclosed properties can help mitigate this sad chapter and turn to a promising new one by ensuring a neighborhood maintains its value and property...