Chicago Mortgages

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...

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...

Chicago 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....

Mark Mangum, who lives deep in the heart of Texas football country, has found a way to capitalize on his location. He periodically rents his house to football fans, a move that takes the sting out of his $1,300 monthly mortgage and helped pay for costs...

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...

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...

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...

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,...

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,...

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...

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...

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...