Fannie, Freddie to suspend evictions for holidays
Fannie Mae and Freddie Mac, as has been their custom the past several years, are suspending evictions from foreclosed homes during the holidays. Fannie Mae said it would not evict...
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Public-private group wins bid for Chicago-area delinquent mortgages
A public-private partnership headed by the Illinois Housing Development Authority has emerged as one of the winning bidders in a September auction of delinquent mortgages held by the Federal Housing...
Land bank would revitalize distressed properties
A land bank that would acquire, manage and repurpose vacant and abandoned properties in Cook County is one step closer to reality. Two months after its formation, an advisory committee...
Land bank would revitalize distressed properties
A land bank that would acquire, manage and repurpose vacant and abandoned properties in Cook County is one step closer to reality. Two months after its formation, an advisory committee...
Doubled-up households in Illinois on the wane
Plenty of households doubled up during the recession. Now, the trend of shared homes is waning. Nearly 900,000 Illinois households, or about 18.9 percent of all households, were considered "shared"...
Chicago housing recovery lags other major cities
The Chicago area's housing recovery continues to lag behind other metropolitan areas, according to a widely watched monthly index of home prices released Tuesday. The S&P;/Case-Shiller home price index found...
Emotions can swell as seniors pare down
The phone rings a little more often at Gero Solutions around the holidays, and the callers are sons and daughters. "They're visiting and they're saying, 'Mom is different now that...
Report: Illinois has almost $780 million in relief from national mortgage foreclosure settlement
One-third of Illinois homeowners who participated in the national mortgage foreclosure settlement sold their homes through short sales, according to information released Monday by the settlement's independent monitor. Between March...
Low interest rates and inventory fuel home sales
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...
A third of local foreclosure settlement participants sell on short sale
One-third of Illinois homeowners who have participated in the national mortgage foreclosure settlement sold their homes through short sales, according to information released Monday by the settlement's independent monitor.Between March...