Highlights
Chicago area mortgage news, issues and trends from Chicago Tribune sources.
Chicago area mortgage news, issues and trends from Chicago Tribune sources.
Displaying items 1-12 of 353
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Voice of the People
Give a boost to the housing market This is in response the Tribune's recent article about the state of the Illinois housing market ("Illinois housing prices, sales plunge; State's losses worse than U.S. average," Page 1, Nov. 25). The article gives...Tags: Federal Reserve, Consumers, Mortgages, Freddie Mac, Credit and Debt
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General Growth Properties wins reprieve, gets 2-week extension on $900 million mortgage loans
CHICAGO (AP) _ General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The mortgages...Tags: General Growth Properties Incorporated, Real Estate Sellers, Bankruptcy, Mortgages
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Wall Street cloud darkens Lehigh Valley
Of The Morning CallCitigroup: 70,000. Wachovia: 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands of jobs from their banking, mortgage and brokerage arms amid the economic calamity roiling the world's markets. Even...Tags: Wachovia Corp., Christmas, Financial and Business Services, Homes, Manhattan (New York City)
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No easy way out of debt after working days done
Some retirees are navigating the credit crunch with one hand tied behind their backs, loaded with debt while stuck on a fixed income. And while retirees have taken on more debt in many ways, embracing higher mortgages later in life or being forced into...Tags: Job Layoffs, Retirement, Black Hills Corporation, Homes, Government
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Help wanted: Economic stimulus for urban areas
President-elect Barack Obama's economic stimulus plan focused on creating 2.5 million jobs and rescuing "Main Street," not just Wall Street, is a welcome departure from the top-down economic theories we have heard up until now. But though Obama's plan...Tags: Barack Obama, Financial and Business Services, Roseland, Government, National Government
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AP Executive Morning Briefing
The top business news from The Associated Press for the morning of Friday, Nov. 28, 2008: Black Friday deals await holiday shoppers CHICAGO (AP) — The nation's retailers are set to usher in the holiday shopping season Friday with pre-dawn...Tags: Wine, Beer, and Spirits, Philosophy, Financial and Business Services, Foreclosures, Black Friday (shopping)
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Should I rent or should I buy? It's possible to do both
It's a sign of the times. Not only are a lot of homes available for sale or rent. They also are available for rent with the possibility of buying them outright after a period of time. Lease-option and lease-purchase agreements are back. A popular...Tags: Real Estate Sellers, Real Estate Agents, Financial and Business Services, Homes, Rentals
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Brief refinancing frenzy
Tribune reporterA seismic drop in mortgage rates sent borrowers running to their mortgage lenders Tuesday and gave those companies the best day they've had in months, years, maybe ever. A day later, though, the euphoria over the Federal Reserve's plan to boost...Tags: Real Estate Agents, Naperville, Homes, Government, Federal Reserve
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Fed focuses on lending
Associated PressRolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion yesterday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total bailout...Tags: Barack Obama, Derivative Securities, Clubs and Associations, Government, Federal Reserve
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If you're thinking of heading down the 'If you can't sell 'em, rent 'em' road, consider a few lessons first
Special to the TribuneAbout two months into Michelle Valmond's tenure as an accidental landlord, things are great. She easily found a tenant for her Bronzeville condo and arranged a two-year lease. She regards herself as "incredibly lucky." Three months into Amye Sabin's...Tags: Real Estate Sellers, Hanover Park, Homes, Rentals, Apartments
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Illinois housing prices, sales plunge
Tribune reporterThe nation's housing industry no longer is counting down the days until 2009—the year that held the promise of a long-awaited turnaround. Now, it is waiting for 2010. A growing chorus of experts predicts no relief for the residential real estate...Tags: Real Estate Agents, Homes, Clubs and Associations, Illinois, Mortgages
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More seniors weighing reverse mortgages
Special to the TribuneQAre reverse mortgages still available? AIt may have become more difficult to finance a home purchase lately, but reverse mortgages are actually growing in popularity. Reverse mortgages, which pay built-up equity back to the homeowner in monthly...Tags: Chicago Real Estate, Real Estate Agents, Retirement, Naperville, Rolling Meadows
Dec 2, 2008
|Story| Chicago Tribune
Dec 1, 2008
|Story| Associated Press
Nov 30, 2008
|Story| Allentown Morning Call
Nov 30, 2008
|Story| Chicago Tribune
Nov 30, 2008
|Story| Chicago Tribune
Nov 28, 2008
|Story| Associated Press
Nov 28, 2008
|Column| Chicago Tribune
Nov 26, 2008
|Story| Chicago Tribune
Nov 26, 2008
|Story| Baltimore Sun
Nov 23, 2008
|Story| Chicago Tribune
Nov 25, 2008
|Story| Chicago Tribune
Nov 23, 2008
|Story| Chicago Tribune
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