Chicago Mortgages

Zillow is displaying detailed information on about 1.5 million homes that are in foreclosure but not yet for sale, in a bid to position itself as the go-to website for homebuyers. All the data that Zillow is making available is public information, but...

A Yorkville homeowner's lawsuit alleging that her lender botched her efforts to modify her mortgage will be allowed to proceed and she can seek class-action status, a federal court judge ruled this week. The Monday ruling by U.S. District Court Judge...

Rents are up. Home price declines are shrinking. Mortgage rates are so low they're hard to believe. The situation is prompting would-be homeowners to ask themselves whether this is the time to buy. But they're also asking themselves whether they're truly...

More than a third of potential borrowers would be willing to pay a higher rate if the mortgage came with superior service, according to a new survey. The poll by the Carlisle & Gallagher Consulting Group didn't say how much more the 34% were willing to...

When more than 3,500 people gathered in Chicago recently for the Mortgage Bankers Association's annual convention, the most since 2007, there were a lot of acronyms thrown around and a lot of concern expressed about the direction of residential lending....

In the three-month period that ended in September, mortgage foreclosure activity in Illinois rose 31 percent from its year-earlier level, jeopardizing homeowners, tenants and neighborhoods. The trouble that communities face was most recently...

Green home construction and remodeling is on the rise as a housing market recovery begins to take shape and consumers look to marry their quest for home comfort with energy efficiency and cost savings. Putting a value on green properties continues to...

Q: How can I sell my condo unit that is under an order of possession by my association? The association is renting the unit to recoup what I owe them. The unit is also in foreclosure, although there is no foreclosure sale date set. Based upon sales...

Wells Fargo & Co. will offer $8.2 million in down payment assistance grants this month to almost 550 homebuyers in Chicago and 28 suburbs, the bank said Wednesday. The bank's CityLIFT program, announced at a news conference with officials from the...

Greater numbers of condominiums now qualify for mortgage financing insured by the Federal Housing Administration. That's because this month the U.S. Department of Housing and Urban Development, which oversees the FHA, loosened its requirements for...

WASHINGTON (AP)— Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures. National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor's/...

A new study on the Home Affordable Modification Program estimates that 800,000 foreclosures could have been prevented if large mortgage servicers had been better equipped to deal with the crush of troubled homeowners who needed help. The report comes...