In his Feb. 25 address to Congress, President Obama stated that “to preserve our long-term fiscal health, we must also address the growing cost in …Social Security…while creating tax-free universal savings accounts for all Americans.” In the proposed 2010...
By Alexia Elejalde-Ruiz February 26, 2009 Q: Shouldn’t the rental market be booming now that the housing crash has forced some buyers back to renting? Theoretically, yes, but the combination of a bad job market and a glut...
By Andre Salles February 26, 2009 With soaring numbers in Kane, candidate wants city to take action AURORA — Alderman and mayoral candidate Richard Irvin would like to see the city take a more active role in reducing...
By Darnell Little February 22, 2009 The children who live on West Wilcox Street won’t go out at night for fear of 12 vacant graystones that draw criminals to their block. In Rogers Park, a half-empty 39-unit condo...
By Becky Yerak February 22, 2009 Homeowners who feel they’ve been treated unfairly by lenders are fighting back. Some are bringing lawsuits in hopes of forestalling losing their homes or freeing themselves of what they believe are onerous...
By Inyoung Hwang February 12, 2009 As a trader’s assistant in the federal funds futures trading pit at the CME Group Inc., Milli Salguero is familiar with risk. Still, it took courage for the 26-year-old to plunk down...
By Lauren Hansen February 12, 2009 Once-hot condo market doused by flood of foreclosures Brian Murphy is the go-to guy for apartment issues. Got a leaky pipe, squeaky door or a rodent ruining your day? Murphy’s your man....
By Becky Yerak February 12, 2009 Office of Thrift Supervision seeking voluntary suspension Some Illinois thrifts expressed concerns about a regulatory proposal for a weeks-long moratorium on foreclosures, saying they are worried about the halt stretching on for...
By Becky Yerak February 11, 2009 Illinois bankers look for more details in administration’s bailout plan Treasury promises to help homeowners, but the potential reality remains a mystery. The government’s latest bank bailout plan commits $50 billion to...
Those favoring aggressive loan modification efforts argue that a consistent, but reduced, payment is better than no payment at all. However, servicers have been unable or unwilling to apply standardized loan modification practices, such as systematic rate reductions, to...