Chicago Mortgages

By Ilyce Glink and Samuel J. Tamkin Q: We live in Clayton County, Georgia, where the housing market is still not good. Our home was worth $200,000 in 1999 now it is worth $51,000. We still owe $101,000 on a first mortgage and $19,000 on a second...

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...

CHICAGO (Reuters) - Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise. Yields on non-agency mortgages, which are mortgage...

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...

By Ilyce Glink and Samuel J. Tamkin Q: My home is like most in our neighborhood: I owe more than what it's worth. I would continue to live in my home until I'm ready to sell, maybe around fall or near the end of this year, which would give me time to pay...

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,...

By Ilyce Glink and Samuel J. Tamkin Q: My mortgage documents list my property address incorrectly. It's a small typo. The lender misspelled the name of my street. Will this cause me problems when it comes time to sell my property? I can't imagine that...

CHICAGO (Reuters) - The big four-story house in suburban Pittsburgh might remind you of the set of "The Golden Girls." But unlike the hit TV sitcom of the late 1980s and early '90s, the three women who live there are not in it for the laugh track....

* Case involves Countrywide mortgage securities * Trustee BNY Mellon to present case for deal approval * Investors including BlackRock, Pimco support accord * AIG, Federal Home Loan banks call settlement inadequate By Karen Freifeld NEW YORK, June...

(Repeats to additional subscribers) By Mark Miller CHICAGO, June 7 (Reuters) - The big four-story house in suburban Pittsburgh might remind you of the set of "The Golden Girls." But unlike the hit TV sitcom of the late 1980s and early '90s, the three...

By Ilyce Glink and Samuel J. Tamkin Q: I just read your column in today's paper responding to a question about whether to buy a home at age 66 or continue renting. I was surprised you didn't make two observations. First, your correspondent wants to...