According to the business analytics company CoreLogic, more than 450,000 of the 2.2 million mortgages in Illinois have negative equity — meaning the homeowners owe more on the house than what it’s worth on the open market.
Illinois ranks 12th on CoreLogic’s list of states with the highest percentage of ‘underwater’ mortgages.
Click on the following for more details: Get Real » One in five Illinois homeowners ‘underwater’
The reports from Winnebago County did not speak of the possible Harvard/McHenry County site.
,McHenry County officials are putting together their own bid for keeping Navistar.
The draw? The former Motorola building in Harvard, now known as the Midwest Corporate Campus.
This week, officials from the Rockford area – including the Winnebago County Board, the city, the Rockford Area EDC, and the Chicago Rockford International Airport – met to discuss bringing Navistar to the Rockford area. Cumpata said Harvard and McHenry County officials reached out to Rockford contacts about collaborating on a Harvard bid.
Click on the following for more details: Northwest Herald | County to make pitch to Navistar
State Rep. Bob Biggins of Elmhurst was one of three Republican lawmakers to support borrowing roughly $3.7 billion last month in order to cover state contributions to retiree pension plans.
Republican House leader Tom Cross of Oswego stripped Biggins of his title of minority spokesman for a House appropriations committee. That title came with a $10,327 pay boost, on top of salary and stipends given for committee assignmen
Cross has repeatedly attacked House Speaker Michael Madigan, a Democrat from Chicago, for unilaterally steering all Democratic votes in the House. The demotions were a rare show of partisan force by the minority leader,
Click on the following for more details: Daily Herald | Biggins demoted for voting with Democrats
