Media Center

Woodstock Institute staff work with the press to provide research and policy expertise on issues ranging from foreclosures to predatory lending to banking reform and more. To reach a Woodstock expert, contact Drew Dickerson at 312-368-0310.

July 10, 2013

Consumer Financial Protection Bureau (CFPB) acting deputy director Steve Antonakes made a strong case yesterday before the House Financial Services Committee in support of the regulator’s data collection and analysis efforts. 

June 24, 2013
Enhanced data collection by municipalities in the Chicago six county region will help the region address the problem of vacant buildings, a new report by Woodstock Institute found.
June 3, 2013

Leading financial justice organizations from four key states today called on federal and state regulators to ban all types of payday lending. The organizations, from California, Illinois, New York, and North Carolina, released a report highlighting the need for strong state and federal laws and filed detailed comment letters with federal regulators urging strong action to end payday lending by banks.

March 12, 2013
CHICAGO—Female mortgage applicants are less likely to have their loans originated than are male mortgage applicants, Woodstock Institute finds in a new fact sheet. The Institute also found evidence  that female-headed joint applications (a female applicant with a male co-applicant) are less likely to have mortgages originated than are male-headed joint applications (a male applicant with a female co-applicant).
February 6, 2013
CHICAGO - The Chicago region saw the highest year-over-year growth in completed foreclosure auctions since the beginning of the foreclosure crisis, new 2012 data from Woodstock Institute show. Foreclosure auctions, which signal the completion of the foreclosure process, grew by 73.8 percent in the Chicago six county region from 20,281 auctions in 2011 to 35,244 auctions in 2012.  
September 11, 2012

Majority of Illinois private sector workers lacks access to retirement savings plans
 
More than half of Illinois private sector workers lack access to retirement savings plans through their jobs, a new report from Woodstock Institute found. The lack of access affects every corner of the state—more than half of private sector workers in every community in Illinois lack access to employment-based retirement savings plans.

August 14, 2012
Completed foreclosure auctions in the Chicago six county region more than doubled from the first half of 2011 to the first half of 2012, new data from Woodstock Institute show. New foreclosure filings stayed relatively flat from the first half of 2011 to the first half of 2012, but several low-wealth communities that had seen recent declines in new foreclosures experienced substantial growth over the same time period. Foreclosure filings indicate the beginning of the foreclosure process, but  not all filings end in a completed foreclosure auction.
July 19, 2012
Leading community organizations, including Chicago’s Woodstock Institute, report evidence today of a two-tiered mortgage market characterized by high rates of government-backed loans made both to borrowers in communities of color and to borrowers of color in their new report, “Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending.”  
March 22, 2012

CHICAGO--Negative equity is disproportionately concentrated in the Chicago region’s African American, Latino, and majority minority neighborhoods, a new report from Woodstock Institute found.

The report also found that borrowers in communities of color have much less equity on average than do borrowers in predominantly white communities. “Underwater homes limit opportunities for families and sap neighborhood wealth,” said Spencer Cowan, Vice President at Woodstock Institute. “When highly concentrated, underwater homes  can contribute to community destabilization and the proliferation of foreclosures. The clustering of negative equity in communities of color poses hurdles to economic recovery in these areas.”

September 21, 2011
Chicago region foreclosure cases are taking longer to complete the foreclosure process, resulting in a dramatic drop in foreclosure completions from the first half of 2010 to the first half of 2011, new data from Woodstock Institute show. As fewer cases complete the foreclosure process each quarter, it is likely that the number of homes tied up in the foreclosure process is growing.

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