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Research Reports Indepth analysis of persistent problems in the field of community development. Woodstock's research reports contribute to the body of knowledge used by policymakers and community development practitioners.
DocumentsDate addedDan Immergluck and Geoff Smith
Illustrates the quantitative relationship between the level of subprime lending in a neighborhood and foreclosure levels in a subsequent period, while controlling for changes in economic and demographic characteristics that might also effect foreclosure rates. 
Rhetoric and Reality: An Analysis of Mainstream Credit Unions' Record of Serving Low-Income People
02/12/2002
Katy Jacob, Malcolm Bush, and Daniel Immergluck This report examines the reality of credit unions' claim that they honor the mission stated in the Federal Credit Union Act to meet the savings and credit needs of "persons of modest means." The report also discusses why it is so important that credit unions fulfill this statutory responsibility and how they might do so more effectively in the future. Malcolm Bush and Nathan Paufve
The report documents the decline in personal savings rates while explaining the recent saving incentive for lower-income people created by the federal Pension Protection Act of 2006. While the credit is a modest step in the right direction for providing lower-income people the level of incentives currently provided to middle- and upper-income people, the report recommends that it be made refundable to expand its benefits to all income qualified tax payers.
Geoff Smith, Malcolm Bush, and Nathan Paufve
This alert examines the service test evaluations of Chicago area large banks and thrifts to determine what information on services is collected and analyzed during the test procedures and looks at how regulators use these data to assess service test performance. The alert also discusses the limitations of the available data and makes recommendations for steps that might be taken to improve the effectiveness of the service test performance evaluation.
Reinvestment Alert 30: U.S. Household Debt Levels Are Worrying No Matter How You Look at Them
04/24/2006
Malcolm Bush and Jonah Katz
This alert analyses a variety of measures of debt to provide an overall sense of changes in U.S. household debt levels and the impact of those changes on different groups of families. Tom Feltner
This report analyzes 2002 IRS tax return data to determine the impact of refund anticipation loan usage among EITC recipients in communities across Illinois. The report also calculates the total amount of EITC dollars spent on high cost tax preparation and refund anticipation loan products in these same areas.
Geoff Smith
An analysis of new federal mortgage lending data confirms that high cost subprime lending tends to be concentrated in minority communities and to African American and Hispanic borrowers. Reinvestment Alert 28 is based on new 2004 HMDA data which includes pricing information for subprime loans. 
Reinvestment Alert 27 - Increase in Bank Branches Shortchanges Lower-Income and Minority Communities
02/08/2005
Geoff Smith
New evidence indicates the largest Chicago area banks have not expanded into lower income and minority markets, despite the substantial purchasing power and concentration of potential deposits available in these communities.
Tim Westrich and Malcolm Bush
Bounce protection, a product that is regularly offered to many bank customers as a convenience, has turned into an excessively priced loan program, key features of which are hidden from consumers. This report analyzes the fee structure of bounce protection products offered by several major Chicago region banks. |
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