Explore our content

All types | All dates | All authors
Housing

Pages

Quick Hit
by Adam Doster
9:52am
Thu Nov 18, 2010

Madigan: Bring Transparency To Foreclosure Procress

Prompted in part by the recent crisis that swept through the housing market, in which mortgage services using "robo-signers" produced shoddy foreclosure filing documents, Illinois is clamping down on companies that are taking advantage of vulnerable homeowners.

Quick Hit
by Micah Maidenberg
11:22am
Tue Nov 16, 2010

Report Whacks Mortgage Lenders In Chicago Region

Mortgage servicers active in greater Chicagoland are dragging their feet when it comes to approving the kind of loan modifications that would give distressed homeowners relief, a study (PDF) released this morning by Housing Action Illinois (HAI) reveals.

Quick Hit
by Adam Doster
9:08am
Fri Nov 12, 2010

Refinancing Ain't What it Used To Be

Earlier this week, we wrote about the frightening statistics compiled by Zillow that detailed how many homeowners in Chicagoland owe more on their mortgage than their home is presently worth. One reason that so many local homeowners are under water is that refinancing a mortgage has been tricky for those with a shaky balance sheet.

PI Original
by Micah Maidenberg
3:28pm
Wed Nov 10, 2010

One In Three Chicagoland Homes Are Underwater

Homeowners in the Chicago region are struggling with mortgage debt. Data released today shows that about one-third of mortgages on area single-family homes are worth more than the property itself. What can be done to improve the situation?

Pages