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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, Loans, Federal Reserve, Banking
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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: Mortgages, Real Estate Transactions, Services and Shopping, Real Estate Sellers, Real Estate
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Chicago-area home sales, prices improve in April
Tribune staff reporterMore than 9,000 previously owned homes were sold in the Chicago area in April, another strong month for sales volume that was met by more pricing recovery. The Illinois Association of Realtors reported Wednesday that 9,152 single-family homes and...Tags: Mortgages, Services and Shopping, Real Estate Sales, Real Estate, Homes
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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: Mortgages, Prisons, Punishment, Trials
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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: Rentals, Mortgages, Blackstone Group, L.P., Real Estate Buyers, Services and Shopping
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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: Mortgages, George Washington University, Central Bank, 401K, Housing and Urban Planning
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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: DePaul University, Northern Illinois University, Southern Illinois University, Manufacturing and Engineering, Bank of America Corp.
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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: Credit and Debt, Aurora, Economy, Business and Finance, Punishment, Interior Policy
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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: Mortgages, Chicago Loop, Services and Shopping, Financial and Business Services, Real Estate
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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: Mortgages, Feminism, Housing and Urban Planning, Government, Politics
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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: Mortgages, Services and Shopping, Financial and Business Services, Real Estate, Homes
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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: Mortgages, Rentals, Credit and Debt, Politics, Local Government
May 13, 2013
|Story| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 22, 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
Dec 30, 2012
|Story| Chicago Tribune
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