Aldermen Seek To Require Banks Holding City's Accounts To Disclose More Information On Lending PracticesAldermen said the new disclosure requirements are aimed at helping address racial disparities in home lending practices in Chicago.
Survive This Economy: Refinancing Your Home LoanA 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.
Market Rates For The Middle Class
Nearly Half Of Chicago Area Mortgages Are 'Underwater'The Chicago area housing crunch is not getting any better. It appears to be getting worse.
Banks Join Forum To Help Homeowners Avoid ForeclosureRepresentatives from several banks sat down with local homeowners on Saturday in the hopes of working together to keep more customers from hurtling into foreclosure.
Banks Demand More Skin In The Game From Home BuyersEven 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 MoneyRates are now at an all-time low: 4.19 percent for a 30-year loan.
Hearing Held To Address Mishandled ForeclosuresThree 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.