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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: Foreclosures, Real Estate, Rentals, Homes, Prices
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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: Housing and Urban Planning, Retirement Planning Services, University of Pennsylvania, Mortgages, Financial and Business Services
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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: Graduation, Real Estate, Teaching and Learning, Eastern Illinois University, Students
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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: Mortgages, Police Investigations, Breach of Contract, Fines, Foreclosures
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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: Real Estate, Chicago Loop, Mortgages, Religion and Belief, Financial and Business Services
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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: Housing and Urban Planning, Federal Housing Administration, Mary Ellen Podmolik, Mortgages, Government
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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: Real Estate, Foreclosures, Homes, Mortgages, Inventories
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Bridgeview slides further into debt to support stadium
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...
Tags: Taxation, Rentals, Credit and Debt, Mortgages, Politics
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A new tool for enforcing fair-housing rules
The nation's fair-housing rules became clearer this month when the Department of Housing and Urban Development finalized a rule that it hopes makes it easier to determine whether a housing practice is discriminatory. The formal adoption of uniform...Tags: Housing and Urban Planning, Real Estate Sellers, Banking, Mortgages, Justice System
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New rules to govern Illinois foreclosures
The Illinois Supreme Court on Friday announced new rules governing mortgage foreclosures that will require lenders to prove to judges that they have exhausted all efforts to help a borrower before seeking a foreclosure judgment against the homeowner. The...
Tags: Lisa Madigan, Mortgages, Financial and Business Services, Justice System, Judges
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Year-old mortgage pact yields dollars, complaints
The year-old national mortgage settlement has provided more than $45 billion in relief to distressed mortgage borrowers nationally, but improving the mortgage servicing process is proving to be more elusive. In a report issued Thursday on the progress of...
Tags: Mary Ellen Podmolik, Lisa Madigan, Mortgages, Financial and Business Services, Justice System
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Consumers need better way to fix credit reporting errors
About 10 million consumers, through no fault of their own, have serious errors on their credit reports, raising troubling questions about people's ability to secure loans and the fairness of interest rates they're charged. In the first study of its...Tags: Business, Equifax Incorporated, Credit and Debt, Federal Reserve, Mortgages
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
Dec 30, 2012
|Story| Chicago Tribune
Feb 22, 2013
|Column| Chicago Tribune
Feb 22, 2013
|Story| Chicago Tribune
Feb 22, 2013
|Story| Chicago Tribune
Feb 18, 2013
|Column| Los Angeles Times
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