Access to Mortgage Credit - Press

November 30, 2015

By Maureen Foertsch McKinney

Tristian Ellis’ test scores in reading and math dropped dramatically this fall from last. The difference: the Ellis family had its own apartment last year. Now, the family of four stays in a shelter on Chicago’s far north side.

Tags: Homelessness
July 31, 2015

A new report released by the Woodstock Institute shows that women in the Chicago area are almost 15% less likely to qualify for a mortgage then their male counterparts. This is generated questions across the industry about whether this data could be true for other locations.

June 29, 2015

By Justin da Rosa

According to a report released by the Woodstock Institute Wednesday, women in Chicago are 14.5 percent less likely to qualify for a mortgage than men.

June 29, 2015

By Phil Hall

A new study covering home loan applications in the Chicago metro region points to a disparity between the number of men and women that receive a mortgage. However, the study’s sponsor is not rushing to declare a lethal case of Windy City gender discrimination.

June 23, 2015

Gender-based discrimination is alive and well, and may make it harder for some Chicago women to buy a home.

June 17, 2015

By Gregory Karp

Women in the Chicago area are generally less likely to receive mortgages than men, a phenomenon that could hinder women's ability to build wealth and establish financial security, according to a report to be released Wednesday by the Woodstock Institute.

February 18, 2015

By Angie Bailey

COLUMBIA - Despite laws on the books meant to prevent charging women more for the same products and services, women generally still shell out more than men for nearly identical products.

November 19, 2014

By Mary Ellen Podmolik

Kristin Faust has many concerns when it comes to housing, homeownership and neighborhoods, but prime among them is the disappearance of the middle class.

Less than two months into her new job as president of Neighborhood Housing Services of Chicago, Faust is driving neighborhoods, meeting funders and studying data to formulate a strategy to carry on the nonprofit's mission.

November 12, 2014

By Mary Ellen Podmolik 

Fair housing groups 21 months ago hailed a rule finalized by the federal government that was intended to clarify federal fair housing protections that have been in place for more than 45 years.

Tags: housing
July 9, 2014

Minority borrowers are far less likely than their white counterparts to get approved for a mortgage, according to a new Urban Institute study.

May 27, 2014
Johnson-Crapo plan could slash access to government-backed mortgages
November 8, 2013
Since the collapse of the housing market and onset of the foreclosure crisis, the idea of and public policies to support homeownership have been under attack.Six years into the crisis, the housing market continues to struggle, and many influential policymakers have made it their goal to...
November 4, 2013
The U.S. Senate blocked the confirmation of two of President Barack Obama's nominations Thursday.The nomination of U.S. Rep. Melvin Watt (D-NC, 12) was four votes shy of moving forward, with the Senate voting 56 to 42. Forty-one Republicans voted against Watt's nomination and just two voted...
November 3, 2013
The Senate’s role in presidential nominations is usually described as “advise and consent,” not “obstruct and prevent.” And yet, continuing their extreme break with past Senatorial traditions and practice, Senate Republicans rejected another Presidential nomination on...
October 31, 2013
Ever since the collapse of the housing bubble, local officials around the country have had to deal with a massive problem of homes effectively abandoned by banks and other absentee owners.With the direct and indirect costs of this neglect running into the billions of dollars, scores of cities and...
Tags: mel watt, fhfa
October 24, 2013
 Original story 
Tags: foreclosures
October 24, 2013
Bad experiences with mortgages and credit cards topped the list of grievances that Illinois residents have filed with the U.S. Consumer Financial Protection Bureau's online complaint portal, a new study shows.The bureau was born out of the 2010 Dodd-Frank Wall Street Reform & Consumer...
May 23, 2013
Local home prices have stabilized, but one Chicago lender is courting homeowners bracing for another downturn, offering mortgages that come with protection against falling prices.  1st Advantage Mortgage, a subsidiary of Chicago-based Draper & Kramer Inc., debuted a loan this month...
May 16, 2013
Women's rights have come a long way in the past 100 years, but the disparity between men and women is still a hot topic. There are plenty of studies out there showing the differences in wages between men and women, but what about other costs? An investigative report conducted more...
May 1, 2013
Last week Chicagoans joined a national protest action at the home of Federal Housing Finance Agency director Edward DeMarco, demanding his resignation.On Wednesday, President Obama responded to growing demands to replace DeMarco, naming U.S. Representative Mel Watt (D-NC) as his replacement.“...