Mary Ellen Podmolik

Homeowners, and particularly at-risk borrowers, are growing more satisfied with the companies that service their mortgages, according to J.D. Power's annual look at the mortgage servicing industry.The study found that...

The redevelopment of single-room-occupancy hotels and residential hotels within Chicago will largely come to a halt until early next year, now that the Chicago City Council has passed a six-month...

The percentage of people that owned their own home, rather than rented one, dropped in June to a level not seen since the second quarter of 1995.The second-quarter homeownership rate...

The PrivateBank is committing $10 million in financing to the Cook County Land Bank's efforts to acquire and rehab distressed vacant homes and then sell them at cost to consumers.It...

A proposed ordinance that would temporarily halt the conversion of single-room-occupancy hotels into market-rate housing is headed to the full Chicago City Council after being passed by the council's housing...

Foreclosure activity in the Chicago area continues to decline but remains above the national average. That's bad news for local home sellers who have a foreclosed home nearby because while...

Monthly sales of existing homes in the Chicago area failed to beat their year-ago comparisons for the sixth consecutive month in June, but median prices continued their string of gains....