Chicago Mortgages

Long-awaited mortgage lending rules announced Thursday by the Consumer Financial Protection Bureau brought generally positive reviews from lenders and consumer groups but they're still waiting for the other shoes to drop. Long-awaited mortgage lending...

Property flipping is gaining speed again in the Chicago area. During the first six months of the year, 1,067 homes were flipped in the seven-county Chicago area, a 30 percent increase from 2011's first half, according to RealtyTrac, a real estate data...

If we've learned one thing from the housing downturn, it's that making the monthly mortgage payment is no longer a sacred concept in many American households. In recent years, when facing financial pressure, homeowners have been more likely to let the...

Baltimore's effort to recover millions of dollars in lost revenue stemming from the wave of home foreclosures that followed the collapse of the housing market in 2007 was vindicated Thursday when Wells Fargo Bank, the nation's largest mortgage lender,...

WASHINGTON (AP)— The U.S. economy suddenly looks a lot weaker. Only 69,000 jobs were added in May, the fewest in a year, and the unemployment rate rose from 8.1 percent to 8.2 percent.  The dismal jobs data will heighten fears that the economy...

As Imperial Valley’s more than 1,500 high school seniors toss up their mortar boards this spring, most will likely make vows of lifelong friendship to one another, promising never to lose touch and to always be there in the best of times and the...

More homes were sold in the Chicago area last month than in any October since 2006, fueled by low interest rates and buyer sentiment that prices may finally be stabilizing and, in some areas, moving off the bottom. Sales of existing single-family...

Almost 8 percent of home mortgage loans in Illinois were delinquent at the end of September, and the state remains one of the worst in the nation for foreclosures, the Mortgage Bankers Association said Thursday. The group's quarterly delinquency...

A Pilsen neighborhood group has partnered with a North Carolina-based federal credit union to acquire almost 1,100 Chicago-area mortgage loans, with the goal of preserving homeownership in several largely Hispanic communities. Self-Help Federal Credit...

Zillow is displaying detailed information on about 1.5 million homes that are in foreclosure but not yet for sale, in a bid to position itself as the go-to website for homebuyers. All the data that Zillow is making available is public information, but...

A Yorkville homeowner's lawsuit alleging that her lender botched her efforts to modify her mortgage will be allowed to proceed and she can seek class-action status, a federal court judge ruled this week. The Monday ruling by U.S. District Court Judge...

Rents are up. Home price declines are shrinking. Mortgage rates are so low they're hard to believe. The situation is prompting would-be homeowners to ask themselves whether this is the time to buy. But they're also asking themselves whether they're truly...