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.

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.
May 3, 2011

Bankruptcy filers in African-American neighborhoods choose potentially risky Chapter 13 more often than filers in white communities
Women in Cook County’s African-American neighborhoods file for bankruptcy at a disproportionately high rate, a new report from Woodstock Institute found. The report also found that bankruptcy filers in African-American communities are far more likely to choose Chapter 13 bankruptcy over Chapter 7, a trend that may indicate limited economic benefits of the bankruptcy process to filers in these communities.

April 28, 2011

Access to mortgage refinance loans sharply declined in communities of color and increased substantially in predominantly white neighborhoods, according to a report released today by a multistate coalition of groups.
These trends underline growing concerns about the dramatically divergent fortunes of communities of color that have been hit hard by the foreclosure and economic crisis and white communities where the impact has been less severe.  These concerns are even more pronounced in light of recent proposed changes in mortgage financing that would likely make access to conventional refinance lending even more difficult and costly and likely disproportionately affect access to loans in communities of color.

January 13, 2011
Thousands of vacant homes in the City of Chicago are likely poorly maintained, lack clear ownership, and threaten to destabilize neighborhoods, says a report released today by Woodstock Institute.
September 14, 2010

There are sharp disparities in credit characteristics between communities of color and white communities in Illinois, a new report from Woodstock Institute found. “Bridging the Gap: Credit Scores and Economic Opportunity in Illinois Communities of Color” analyzed credit score data from a major national credit bureau for the State of Illinois and found that individuals living in communities of color were far more likely to have “non-prime” credit scores, while individuals in predominantly white communities were much more likely to have “prime” credit scores.

May 13, 2010

A report released by a multi-state collaboration of regional research, policy and advocacy organizations documents the dramatic decrease in low-cost home loans made between 2006 and 2008, and highlights that communities of color were hardest hit by the drop-off in lending.

February 4, 2010

New foreclosure filings in the Chicago six county region rose 21 percent from 2008 to 2009 despite federal, state, and local programs designed to curb the foreclosure crisis, says a new Woodstock Institute report. During the fourth quarter of 2009, the region saw 24,053 new foreclosure filings—the highest quarterly number observed since 2005.