Credit defaults head higher
Consumer credit defaults moved higher in November for the second consecutive month, as homeowners, including some in Chicago, struggled to make their mortgage payments.Nationally, credit defaults rates rose to 1.64...
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Madigan sues 2 companies in mortgage rescue fraud
The Illinois Attorney General's office filed lawsuits Tuesday against two companies that it alleges preyed on struggling homeowners with a new type of mortgage rescue fraud in the Chicago area....
Small rental buildings up 10% in value from a year ago
Many segments of the local housing market continue to bounce along the bottom or suffer small declines, but purchase demand for small rental buildings is on the increase and with...
Small rental buildings up 10% in value from a year ago
Many segments of the local housing market continue to bounce along the bottom or suffer small declines, but purchase demand for small rental buildings is on the increase and with...
Illinois foreclosures rise for 11th month
Foreclosure activity in Illinois posted the 11th straight year-over-year increase in November, but compared with a month earlier, filings are trending in the right direction, according to new data released...
Mortgage shopping due for a consumer-friendly reboot
The easy way to shop for a mortgage is to compare interest rates or search for the lowest monthly payments. But that's not the best way, and an awful lot...
Mortgage shopping due for a consumer-friendly reboot
The easy way to shop for a mortgage is to compare interest rates or search for the lowest monthly payments. But that's not the best way, and an awful lot...
Local sales of homes in foreclosure jump 65% in 3Q
Sales of Chicago-area homes in the foreclosure process but not yet repossessed by banks soared during the third quarter, RealtyTrac reported Thursday. The online foreclosure marketplace said 3,531 pre-foreclosure homes...
Streamlined Illinois foreclosure process gains momentum
Abandoned, vacant homes could get pushed through the mortgage foreclosure pipeline and into new owners' hands much faster as a result of legislation passed Wednesday by the Illinois Senate. The...
Bill passes to fast-track foreclosure of abandoned properties in Ill.
The Illinois General Assembly passed a bill Wednesday that would fast-track the foreclosure process for abandoned, vacant homes while funding foreclosure prevention efforts throughout the state.The legislation, which now will...