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Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...
Demand for resale homes in the Orlando area outstripped the supply so much in April that more than a quarter of the properties sold for more than their asking price, according to the Orlando Regional Realtor Association. The median price of last month'...
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
Fighting economic crosscurrents, Orlando-area residents managed to improve their financial situation in recent months, though not enough to change the region's first-place ranking among the country's most financially troubled metropolitan areas, according...
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...
Shalom Klein and his wife, Elisheva, of Skokie, both 23, are avoiding debt by sharing a used car that they have paid for, renting until they can afford to buy a house and paying off their credit card balance every month. Their undergrad college bills...
Tags: Rentals, Credit and Debt, Services and Shopping, Homes, Vehicles
American families reduced their debt load in the first three months of the year by 1 percent, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt, including...
The manager of an Allentown mortgage company who obtained fraudulent loans worth $1.5 million has pleaded guilty in federal court. Joel Tillett, 36, of Whitehall Township admitted to conspiracy and forging loan documents to ensure clients' mortgage...
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....
Tags: Federal Reserve, Chicago Mortgages, Loans, Banking
It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...
May 16, 2013 |Story| Chicago Tribune
May 16, 2013 |Story| Los Angeles Times
May 15, 2013 |Story| Orlando Sentinel
May 10, 2013 |Story| Los Angeles Times
May 15, 2013 |Story| Orlando Sentinel
May 10, 2013 |Story| Chicago Tribune
May 15, 2013 |Story| Chicago Tribune
May 14, 2013 |Story| Los Angeles Times
May 14, 2013 |Story| Allentown Morning Call
May 13, 2013 |Story| Chicago Tribune
May 14, 2013 |Column| Los Angeles Times
May 10, 2013 |Column| Chicago Tribune
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