| Oct 14, 2011
Sometimes it's hard to escape the notion that our lives are being slowly, inevitably reduced to a single database.
For instance, if you thought your current credit report told the full story of your financial persona, it's nothing compared to what's on...
| 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...
| Sep 2, 2012
WASHINGTON — If you're underwater and facing financial distress, what might Fannie Mae's and Freddie Mac's new short-sale-reform policies mean for you? Potentially a lot — even if you are current on your mortgage payments and never imagined...
| Aug 30, 2012
| 10:33 AM
With the clock ticking on a mortgage payment, the Museum of Broadcast Communications is “aggressively pursuing all options to resolve our circumstances,” museum founder Bruce DuMont said this week.
According to documents filed with the...
| Sep 17, 2012
| 1:11 PM
As institutional investors look for better returns in a low-interest-rate environment, Conning has partnered with an Illinois-based lender and underwriter to allow its customers to invest in commercial-mortgage loans.
The commercial mortgage loans will...
| Jul 12, 2012
| 6:24 PM
About 1,000 Baltimore-area residents are expected to receive thousands of dollars each under a landmark $175 million settlement between the U.S. Department of Justice and Wells Fargo over accusations of discriminatory lending practices.
Under the terms...
| Jul 15, 2012
Baltimore's effort to recover millions of dollars in lost revenue stemming from the wave of home foreclosures that followed the collapse of the housing market in 2007 was vindicated Thursday when Wells Fargo Bank, the nation's largest mortgage lender,...
| Nov 4, 2012
More than a third of potential borrowers would be willing to pay a higher rate if the mortgage came with superior service, according to a new survey.
The poll by the Carlisle & Gallagher Consulting Group didn't say how much more the 34% were willing to...
| Apr 11, 2011
Here are some hard numbers for the downturn in mortgage employment I wrote about last week -- and they show a reduction of more than 50% in home-lending jobs since the peak of the housing and commercial real estate bubble.......