WBEZ 91.5 Chicago

If the Chicago City Council approves the ordinance, Hilda Quilo and her family might avoid losing their home to foreclosure, like they did four years ago.

A Chicago City Council committee approves a measure aimed at keeping tenants in their homes after foreclosure, but not without generating some sparks.

The Illinois Mortgage Bankers Association says the plan, set for a City Council hearing on Wednesday, would clog courts already struggling with a huge backlog of foreclosure cases.

On Thursday, federal and state prosecutors reached a $25 billion settlement with banks over foreclosures.  So, what now?

The $25 billion mortgage settlement with big banks means about 1$ billion in relief to Illinois homeowners.People who owe more than their homes are worth and have fallen behind on payments may qualify for loan reductions, while other people who are underwater but current on their loans may be able t

We'll find out this week how fast the U.S. economy has been growing - and that's important news for all of us - whether you're President Obama or someone looking for a job. The Occupy protests have sparked even more uproar over the state of our economy - and who's to blame.

Last week, President Obama last week pitched his plan to put the country back to work. But not everyone should expect a break from the unemployment lines: Bank of America was said to be considering a cut of about 40,000 jobs.