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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 78-88
  • The long and short of short sales

    The long and short of short sales
    On an afternoon in late May, Chicago real estate agent Gary Lucido, president of Lucid Realty, glanced at the chicagohousingstats.com website. Among the stats grabbing his attention was one showing Chicago-area home prices had fallen 27.3 percent from...
  • Can you sell your home through short sale?

    A short sale is anything but an easy real estate transaction for sellers. It requires more work, often involves negotiators, and is characterized by the seller asking the lender to make a concession to allow the sale to proceed. But there is good...
  • Moral bankruptcy?

    Moral bankruptcy?
    Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders. Some have struggled unsuccessfully to keep their homes, and others have just walked...
  • Tax credit, low rates favor home buyer

    Tax credit, low rates favor home buyer
    Spring 2010 is shaping up to be an excellent time to buy a newly constructed home. But you have to move fast. All indicators point to an opportune environment that the smart buyer can't - and won't - ignore. "Today is a great time to buy a newly...
  • Facing foreclosure?

    Facing foreclosure?
    Attention owners who are in danger of losing your homes: Your fate is in your own hands. Sadly, there may be no way out for the worst off of you. If you have lost your job and have no prospects for another one, for example, there may be no getting around...
  • Man gets 20 years and must pay $56M for fraud

    A Country Club Hills man was sentenced today to 20 years in federal prison and was ordered to pay more than $56 million today in a mortgage fraud scheme in what is being called among the largest federal prosecutions in Chicago, officials said. Bobbie L....
  • FICO's radar picking up potential walkaways

    Your mortgage payments are up to date, and you pay your bills on time. Your credit score is above average. Uh-oh. Could be trouble. How could this be a problem? Alas, we live in a surreal age, creditwise. If you have those good credit characteristics...
  • Text of President Obama's State of the Union address

    Text of President Obama's State of the Union address
    Text of President Barack Obama's State of the Union address, as provided by the White House: Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans: Last month, I went to Andrews Air Force Base and welcomed...
  • Obama gets economic tour underway

     
    by John McCormick RALEIGH, N.C. - The general election presidential campaign debate over pocketbook issues got underway in earnest today, as Sen. Barack Obama's economic policy team teed-up a speech he is about to give here. (The speech, as prepared......
  • Obama's Northern Trust Mortgage

     
    Chicago's Northern Trust Corp. now under fire for excessive merrymaking after collecting federal TARP money, earlier was under scrutiny for the favorable mortgage terms it granted to now-President Barack Obama when he bought his Hyde Park personal...
  • Rahm Emanuel's Freddie Mac profits

     
    by Bob Secter and Andrew Zajac 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......