Highlights
A collection of news and information related to Chicago Mortgages published by this site and its partners.
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Inside Penny Pritzker's portfolio: How a billionaire invests
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,...Tags: Royal Caribbean International, Michigan Avenue, Joint Ventures, Personal Finance, Money and Monetary Policy
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TransUnion: Credit quality of mortgage borrowers nationwide has improved
Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....Tags: Mortgages, Federal Reserve, Banking, Loans
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Redfin's valuation tool puts homeowners in driver's seat
For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have in years, Redfin thinks homeowners and potential homebuyers are ready to...Tags: Real Estate Buyers, Mortgages, Money and Monetary Policy, Economy, Business and Finance, Real Estate Sellers
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Man gets 12 years in mortgage fraud scheme
Tribune reporterA 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...Tags: Prisons, Mortgages, Punishment, Trials
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Penny Pritzker nominated for Commerce secretary
Tribune staffChicago business executive Penny Pritzker was nominated by President Barack Obama to become the new Secretary of Commerce on Thursday, in an expected move that could prove controversial for the longtime political supporter and fundraising heavyweight....Tags: New Music Mondays Millenium Park, Patents, Copyrights and Trademarks, Hyatt Hotels Corp., Economy, Business and Finance, John Bryson
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U.S. home prices keep rising, but homeownership is down
Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving...
Tags: Homes, Real Estate Buyers, Mortgages, Blackstone Group, L.P., Foreclosures
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MarksJarvis: Financial literacy programs well worth the time
It's Money Smart Week, a collection of free financial literacy programs offered throughout the week, aimed at helping people deal with virtually every money issue imaginable: from how to get out of debt, to buying homes, paying for college, building a...Tags: Allianz AG Holding, George Washington University, Mortgages, Retirement, Personal Finance
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Taking the less-known route
If you can't get in — or can't afford — a top business school, is an MBA from a lesser-known school worth it? The answer depends largely on the student. Those gunning for the top of the organizational chart, and without the networking...
Tags: Michigan Avenue, Loyola University Chicago, University of Illinois at Chicago, Economy, Business and Finance, Jones Lang LaSalle Incorporated
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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,...
Tags: Punishment, Wells Fargo & Co., Economy, Business and Finance, Fines, Politics
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Home values in some hard-hit Chicago neighborhoods turning around
Some of the Chicago neighborhoods hardest hit by the housing crisis are starting to come back, or at least appear to be bottoming out. Home values in the Pullman/Riverdale/Roseland neighborhoods, for instance, rose by an average of 18.6 percent last year...
Tags: Values, Mortgages, Real Estate, Chicago Loop, Services and Shopping
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Woodstock Institute finds gender bias in joint home loan, refinancing approvals
Co-borrowers may want to rethink whose name goes first on a mortgage application. Early findings from a study under way at the Woodstock Institute found that in the six-county Chicago area, joint applications for home purchases and refinancings were much...
Tags: Chicago Tribune Columnists, Mortgages, Joint Ventures, U.S. Department of Housing and Urban Development, Feminism
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Distressed home sales topped 44,000 in Illinois in 2012
Sales of distressed homes in Illinois surged last year, particularly transactions designed to keep properties out of foreclosure. Of the 44,337 distressed homes sold in Illinois last year, 16,449 were short sales, an increase of 53 percent from 2011,...
Tags: Homes, Mortgages, Foreclosures, Economy, Business and Finance, Real Estate
May 19, 2013
|Column| Chicago Tribune
May 13, 2013
|Story| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 2, 2013
|Story| Chicago Tribune
May 2, 2013
|Story| Chicago Tribune
Apr 30, 2013
|Story| Los Angeles Times
Apr 21, 2013
|Column| Chicago Tribune
Apr 15, 2013
|Story| Chicago Tribune
Apr 7, 2013
|Story| Chicago Tribune
Mar 13, 2013
|Story| Chicago Tribune
Mar 12, 2013
|Story| Chicago Tribune
Feb 28, 2013
|Story| Chicago Tribune
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