A recent survey reveals that nearly a third of Chicago area homeowners are still underwater – meaning they owe more money on their mortgage than their home is worth. CBS 2’s Dorothy Tucker reports, even if you don’t have equity in your home, there is help available if you want to refinance your home loan.
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]
The Chicago area housing crunch is not getting any better. It appears to be getting worse.
Representatives from several banks sat down with local homeowners on Saturday in the hopes of working together to keep more customers from hurtling into foreclosure.
Even well-heeled buyers are expected to put down more money for a condo or a house in Chicago. CBS 2’s Vince Gerasole explains.
Rates are now at an all-time low: 4.19 percent for a 30-year loan.
Three large banks have halted thousands of foreclosures after bank officials admitted the paperwork may have been flawed. Chicago was the site of one of the first congressional hearings looking into what happened.