Mary Ellen Podmolik – Page 50

REIT to snap up more local foreclosures with IPO cash

December 24, 2018 at 2:17 a.m.

An Arizona-based firm keen on owning foreclosed homes in the Chicago area and elsewhere as rental properties began trading Thursday on the New York Stock Exchange.American Residential Properties Inc., Scottsdale,...

National homebuilders are reporting on a great first quarter. In the Chicago area, housing starts rose 37 percent.

Homebuilders gain from shortage of existing inventory

November 3, 2021 at 6:02 p.m.

It's been a long time since Wall Street analysts were on conference calls with publicly traded homebuilders, congratulating executives on a great quarter. But that's what's been happening, as one...

Homebuilders gain from shortage of existing inventory

May 23, 2019 at 9:23 a.m.

It's been a long time since Wall Street analysts were on conference calls with publicly traded homebuilders, congratulating executives on a great quarter. But that's what's been happening, as one...

Mortgage rates hover near all-time lows

December 24, 2018 at 1:37 a.m.

The average interest rate on a 30-year, fixed-rate mortgage continued to hover near its all-time low this week while the 15-year rate fell to a new low, Freddie Mac said...

Foreclosed renter protections measure moves forward

December 24, 2018 at 1:35 a.m.

A Chicago City Council committee on Wednesday passed a measure that would give additional protections to renters in foreclosed buildings but the proposed ordinance will be held in committee until...

Bad mortgage writedowns seen saving U.S. $2.8B

December 24, 2018 at 1:34 a.m.

Writing down the value of underwater mortgages backed by Fannie Mae and Freddie Mac could save the federal government as much as $2.8 billion, the Congressional Budget Office said Wednesday.An...

Crime in Chicago’s vacant property soars 48% since 2005

December 24, 2018 at 1:33 a.m.

More than 2,600 crimes were reported in Chicago's abandoned buildings and vacant lots last year, a 48 percent increase from 2005 that equates to an average of seven reported crimes...

Chicago home prices up 5% from a year ago

May 23, 2019 at 9:23 a.m.

Average home prices in the Chicago area fell for the six consecutive month in February, dropping 0.8 percent from January but remained well ahead of last year, according to a...

Entering homeownership with eyes wide open

August 24, 2021 at 8:30 a.m.

Sitting down in front of a pile of mortgage loan documents to sign at the closing, with a lending officer and maybe a real estate agent at your side, what...

Entering homeownership with eyes wide open

May 23, 2019 at 9:23 a.m.

Sitting down in front of a pile of mortgage loan documents to sign at the closing, with a lending officer and maybe a real estate agent at your side, what...

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