Chicago Mortgages

When its sales office opened in 2006, Enclave at Galewood Crossings was touted as an upscale, gated community of almost 200 single-family and multifamily homes built on the largest undeveloped piece of land left within the city limits. Now Chicago...

Home values in Illinois' most populous county are improving, but the gains may be smaller than would-be sellers are expecting. First-quarter prices of single-family homes in Cook County increased 3.5 percent from 2012's first quarter and rose 3.2...

Rising home prices have enabled more homeowners to regain equity in their homes, but the good news doesn't extend to the Chicago area. Some 34.2 percent of homes with a mortgage in the Chicago area, equaling almost 519,000 properties, were underwater...

Mortgage interest rates have moved much higher than they were just a few weeks ago, and there's consensus that just as home prices have moved off the bottom, so have mortgage rates. On Thursday, Freddie Mac reported that the average rate for a 30-year,...

Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more homeowners to slap fresh paint on their walls and list their homes for sale....

How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...

A homebuyer may have to put several houses under contract before actually closing on one. Welcome to the new housing market, where contract price and appraised value do not always match. Low appraised values are causing many deals to falter, according...

Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....

For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have in years, Redfin thinks homeowners and potential homebuyers are ready to...

More than 9,000 previously owned homes were sold in the Chicago area in April, another strong month for sales volume that was met by more pricing recovery. The Illinois Association of Realtors reported Wednesday that 9,152 single-family homes and...

A Chicago man was sentenced to more than 12 years in federal prison after having been convicted of engaging in a mortgage fraud scheme involving 65 real-estate transactions on the South Side. The scheme which netted Fred Haywood, 42, about $700,000...

Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving...