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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 89-99
  • Government announcing new mortgage lending rules

    Government announcing new mortgage lending rules
    Government officials are unveiling new mortgage lending guidelines designed to curtail risky loans that led to the housing bust.    From the Chicago Tribune: For most borrowers, the rules will mean no more interest-only mortgages, no more loans where...
  • FHA policies helped cause foreclosure crisis

    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...
  • Museum of Broadcast Communication gets mortgage extension

    Museum of Broadcast Communication gets mortgage extension
    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,”...
  • Man gets 12 years in mortgage fraud scheme

    Man gets 12 years in mortgage fraud scheme
    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...
  • Potential borrowers eager to find lenders with superior service

    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...
  • In Washington National, they trusted

    In Washington National, they trusted
    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,...
  • 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...
  • Credit reporting digs deeper

    Credit reporting digs deeper
    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...
  • 'The Wealth Cure: Putting Money in its Place' by Hill Harper

    'The Wealth Cure: Putting Money in its Place' by Hill Harper
    While reading "The Wealth Cure," a colleague glanced at the cover and said, "When you find out the cure, let me know." Too many of us think we don't have the ability to better identify how to spend our money, but in Hill Harper's latest book he gives...
  • Finding the perfect ally to help you sell your home

    Finding the perfect ally to help you sell your home
    Like many homeowners, John Kennedy bought his Chicago condo when home prices were high. But when he got married and wanted a bigger place, selling his condo seemed out of the question because he owed more on his home than it was worth. The solution for...
  • Contingency sale offers becoming more acceptable

    Contingency sale offers becoming more acceptable
    For homeowners looking to upgrade — or downsize — their residences, it's a difficult chicken-or-egg question: Which comes first, buying a new place to live or selling an old one? Each situation presents a potentially thorny set of issues. Buy...