File Photo Of Foreclosure Sign (AP Photo)

Survive This Economy: Refinancing Your Home Loan

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.

CBS 2–08/21/2012

Casino mogul Sheldon Adelson (Photo by aaron tam/AFP/Getty Images)

Market Rates For The Middle Class

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 […]


Home for sale, file. (Scott Olson/Getty Images)

Nearly Half Of Chicago Area Mortgages Are ‘Underwater’

The Chicago area housing crunch is not getting any better. It appears to be getting worse.


Belinda Rogers

Banks Join Forum To Help Homeowners Avoid Foreclosure

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.

CBS Chicago–03/26/2011

"For sale" sign (CBS)

Banks Demand More Skin In The Game From Home Buyers

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.



Low Mortgage Rates Could Save You Big Money

Rates are now at an all-time low: 4.19 percent for a 30-year loan.


Congressional hearing held in Chicago over mishandled foreclosures

Hearing Held To Address Mishandled Foreclosures

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.

CBS 2–10/04/2010