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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, which heads to Gov. Pat Quinn, could shorten the...Tags: Illinois General Assembly, Finance, Foreclosures, Financial and Business Services, Pat Quinn
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Mortgage lender uses fear as a sales pitch
State and federal authorities may have cracked down on unscrupulous mortgage lenders to avoid a repeat of the housing market meltdown, but there are still plenty of companies that are eager to dupe people into taking out bad loans. Exhibit A:...
Tags: Finance, Drugs and Medicines, CVS Corp., Economy, Business and Finance, Business
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FHA: Looking for some tweaks
WASHINGTON — You may have seen headlines last week about the Federal Housing Administration needing a taxpayer "bailout" by the Treasury and wondered: Uh oh. Is the FHA heading down the fiscal drain like Fannie Mae and Freddie Mac, which have...
Tags: Finance, Federal Housing Administration, Washington, DC, Economy, Business and Finance, Property
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Obama, quit blaming Bush
"Now Gov. (Mitt) Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he'd double down on the same trickle-down policies that led to the crisis in the first place."...
Tags: Finance, Bill Clinton, Philosophy, Barney Frank, Franklin Delano Roosevelt
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CEO found a home here, keeps close ties to native Puerto Rico
Tribune staff reporterRoberto Herencia occasionally rides to work on one of the four Harley-Davidson motorcycles he keeps in his "man cave," a Glenview storage facility equipped with a red couch, a TV and a 6-foot lucha libre mask, an icon of Mexican wrestling. When headed...Tags: Bank of America Corp., Finance, Sports, Private Equity, Companies and Corporations
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Club For Growth endorses Connie Mack in senate race
Central Florida Political Pulse - Orlando SentinelThe Club For Growth, a national conservative political action committee that was among the early and big backers of U.S. Sen. Marco Rubio's 2010 U.S. Senate campaign, announced today it will back U.S. Rep. Connie Mack IV's bid to join him. Republican... -
Florida tops the nation in force-placed insurance
Florida led the country in its share of force-placed insurance premiums the past three years, including 35 percent, or $1.2 billion, in 2011 — more than three times the amount sold in the next-largest state, California. That's according to sworn...
Tags: Federal Housing Administration, Trials, Companies and Corporations, Economy, Business and Finance, Consumers
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Fannie and Freddie reject mortgage loan forgiveness
Financially strapped borrowers whose mortgages are backed by Fannie Mae and Freddie Mac will not be allowed principal reductions to help save their homes from foreclosure, a decision that will impact consumers as well as communities. Federal Housing...
Tags: Finance, Edward M. Burke, U.S. Department of the Treasury, Foreclosures, Human Interest
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Low appraisals that don't reflect rising markets are ruining deals
WASHINGTON — Are some appraisers failing to see the improvements in real estate values underway in local markets that have recently bottomed out and turned positive? When multiple bids push a house price thousands of dollars above what the seller is...Tags: Services and Shopping, Finance, Companies and Corporations, Real Estate Buyers, Economy, Business and Finance
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Whether it's the economy or the Colorado shooting, the left and right view the world in predictable ways
The gulf between the American left and right continues to widen against a backdrop of high unemployment, weak growth and high octane cultural battles. I got to thinking about this growing divide in the aftermath of the Colorado movie theater shooting...
Tags: Personal Weapon Control, Career and Workplace, Interior Policy, September 11, 2001 Attacks, Transportation Security Administration
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Letter to the Editor - Aug. 7
Glass-Steagall wouldn’t have saved us from banking crisis To the editor: Allan Powell highlights one of economist Paul Krugman’s assertions that many of our current financial woes were caused by the repeal of the Glass-Steagall Act....Tags: Finance, Investment Service, Bank of America Corp., Lehman Brothers Holdings Inc., Economy, Business and Finance
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Federal agency questions plan to seize underwater mortgages
The Federal Housing Finance Agency has "significant concerns" about a controversial idea floated in Chicago and elsewhere to stabilize communities by seizing and restructuring the mortgages of homeowners who are current but underwater on their loans. The...
Tags: Edward M. Burke, Services and Shopping, Government, Finance, Economy, Business and Finance
Dec 6, 2012
|Story| Chicago Tribune
Nov 27, 2012
|Column| Los Angeles Times
Nov 25, 2012
|Story| Allentown Morning Call
Oct 11, 2012
|Column| Chicago Tribune
Sep 24, 2012
|Story| Chicago Tribune
Aug 22, 2012
| Orlando Sentinel
Jul 8, 2012
|Story| South Florida Sun-Sentinel
Aug 1, 2012
|Story| Chicago Tribune
Jun 24, 2012
|Story| Los Angeles Times
Aug 4, 2012
|Story| Baltimore Sun
Aug 7, 2012
|Story| Herald Mail
Aug 9, 2012
|Story| Chicago Tribune
Original site for Fannie Mae topic gallery.