CHICAGO—Fannie Mae and Freddie Mac will not be required to maintain vacant homes up to the standards in the City of Chicago’s vacant buildings ordinance, ruled U.S. District Court Judge Thomas Durkin on Friday.
Is the Chicago region housing market turning a corner? New data we released this week offer some optimism—foreclosure filings, which signify the beginning of the foreclosure process, dropped by more than a third across the Chicago six county region from the first half of 2012 to the first half of 2013.
Woodstock Institute is thrilled to announce Illinois Attorney General Lisa Madigan as the speaker at our 40th anniversary Bash on October 2. General Madigan joins a fantastic lineup of Symposium keynote speakers, including Consumer Financial Protection Bureau Deputy Director Steve Antonakes and UCLA Professor Fernando Torres-Gil.
In the early 1970s, Aaron and Sylvia Scheinfeld were unhappy with the state of things in the Chicago region. Redlining, predatory lending, and inequality plagued the area.
On the surface, the Consumer Mortgage Choice Act (HR.1077/S.949) sounds like legislation that would be good for consumers. In actuality, it poses some serious threats to mortgage protections recently put in place by the Consumer Financial Protection Bureau (CFPB).
Yesterday I celebrated my first five years with Woodstock Institute. When I joined Woodstock as president in 2008, the financial crisis was just getting into full swing and the future was quite uncertain.
Two incredibly important votes are scheduled this week in the U.S. Senate. The nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) is set to be voted on by the full Senate, while the nomination of Congressman Mel Watt to lead the Federal Housing Finance Agency (FHFA) is scheduled in the Senate Banking Committee. Both votes will likely happen tomorrow, so we must act now.
A battle for the future of the Consumer Financial Protection Bureau is gearing up in the Senate this week.