Blog

Written by on January 28, 2009

The Chicago region housing market is likely to remain weak, and serious concerns about the performance of Alt-A and prime mortgages will take center stage in 2009.

Written by on January 22, 2009

The zoning restriction placed on payday lenders by the Springfield City Council is a much needed step in the decade long struggle to rein in the worst abuses of the payday loan industry.

Written by Dory Rand on January 21, 2009

The U.S. Treasury Department is now requiring banks that received the most funds from the Troubled Asset Relief Program (Tarp) to report on use of those funds, and not a moment too soon.

Written by Dory Rand on January 21, 2009

President Obama said in his inaugural speech today that “a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended … on the reach of our prosperity; on our ability to extend opportunity to every willing heart….”  As we “begin again the work of remaking America,” we need to remember and apply some key messages from the speech to address the economic crisis.

Written by Tom Feltner on January 12, 2009

As banks and other lenders across the country tighten credit requirements and close down lending facilities, community development financial institutions (CDFIs) continue to make quality investments in underserved neighborhoods.

Tags: policy, CDFIs
Written by on December 18, 2008

The Federal Reserve is set to take unprecedented measures to protect consumers from the credit card industry’s worst practices, such as interest rate hikes on existing balances. The final rule, expected to pass today, is the culmination of over two years of debate on how to best protect consumers from the arbitrary interest rate hikes and high fees that have come to characterize the $970 billion industry.

Written by on December 10, 2008

The Office of Thrift
Supervision, in response to numerous comments from Chicago region community organizations, has agreed
to hold a public hearing regarding a charter change for Republic Bancorp–a provider of high-cost refund anticipation loans.

Written by on December 9, 2008

Maps of neighborhood foreclosures and lender-owned, largely vacant properties, based on Woodstock Institute foreclosure data, are now available through EveryBlock, an online resource for block-by-block neighborhood news.

Written by Geoff Smith and Sarah Duda on November 13, 2008

A new analysis finds that these properties are highly concentrated in African American and Latino communities.

Written by Geoff Smith on October 15, 2008

To help combat the growing lending crisis and the rise of
foreclosures in Chicago, the John D. and Catherine T. MacArthur Foundation is
investing $68 million in grants and low-interest loans in foreclosure
prevention and mitigation efforts in local neighborhoods.

Written by Dory Rand on October 10, 2008

In recent months numerous critics have unfairly blamed the current financial crisis on efforts to increase lower-income homeownership. 

Written by on September 26, 2008

Chicago Tonight’s Carol Marin and Elizabeth Brackett sit down with Geoff Smith, Woodstock Institute’s vice president, to discuss why rising foreclosures and the national financial crisis are changing the face of Chicago region communities.

Written by on September 23, 2008

While the current Treasury plan may “unclog” the capital
markets and allow for increased access to lending for large firms, it fails to
address one the fundamental problems in today’s economy:  troubled homeowners.

Written by on September 23, 2008

Foreclosure is a local problem. To help solve it,
Woodstock Institute provides the facts on the ground, the analysis to identify
the problem, and the technical assistance to help measure local successes. Its
newest resource, a quarterly update on foreclosure patterns in the Chicago region, provides
timely foreclosure data directly to the people who need it - community
reinvestment stakeholders working to prevent foreclosures before they happen
and reduce the community impact when they do.

Written by Administrator on September 3, 2008

As a major tax refund lender seeks to change charters, the Office of Thrift Supervision needs to hold a hearing to give the public a chance to tell its side of the story about high cost refund anticipation lending.

Tags: RALs

Pages

Subscribe to Blog