ShoreBank, the South Side lender that carved out a national reputation by successfully lending in low-income urban neighborhoods for three decades, was seized by regulators Friday after an extraordinary rescue effort featuring the nation’s largest financial firms fell short.
But all was not lost for the neighborhoods ShoreBank has served for more than three decades.
Read more at Crain’s Chicago Business.
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It’s not just homeowners themselves who are feeling the strain of the current economy, but HOAs as well. Originally published at https://realtyevolved.net
(AP) — Illinois is expected to receive about $1 billion in a multi-state settlement with the nation’s five largest mortgage lenders, Attorney […]
The city of Chicago is offering to give away a famous North Side bridge at no cost. The Chicago Dept. of Transportation is proposing the removal and replacement of the handsome and historic bridge that carries Chicago Ave. traffic over the North Branch of the Chicago River
From Crain’s Chicago Business: Gov. Pat Quinn yesterday vetoed legislation to provide Commonwealth Edison Co. with about $70 million in additional yearly […]
