Closing loophole that allows banks to exclude high-cost lending done by affiliates, eliminating grade inflation, and expanding access to safe and sustainable credit must be a top priority.
New filings on condominiums in the six-county region grew by two percentage points from 17 percent to 19 percent of all foreclosure filings between the first half of 2009 and first half of 2010. (photo courtesy of Joe Spake)
Since 1984, the Woodstock Institute and other Chicago-area organizations have been making community reinvestment agreements with banks. The purpose of these agreements is to set goals for bank lending, investments, and services to lower-income communities and individuals and to establish mechanisms to track bank progress toward these goals.
Why we must reform the Home Mortgage Disclosure Act
