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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 addedWhitni Thomas and Jessica Brown, new economics foundation Malcolm Bush and Geoff Smith, Woodstock Institute This report seeks to reinvigorate the debate on bank disclosure in the UK and to create a better understanding of why it should be demanded of banks. This analysis is carried out through detailed case studies comparing Charter One Bank in Chicago in the US where banks have disclosed local lending practices since 1975- with its parent company Royal Bank of Scotland in Manchester to review the level of information available and the impact that this has. To do this we evaluate the available information on small-business lending, bank branch availability and basic bank account opening in underserved areas of Manchester. Our analysis indicates that data on these factors is generally difficult to obtain, inconsistent, and in many cases incomplete. 
Hunting Down the Payday Loan Customer: The Debt Collection Practices of Two Payday Loan Companies
09/28/2006
Examines the court records of borrowers taken to court by two companies now offering payday installment loans. These loans, which were made before the Payday Loan Reform Act (PLRA), show the types of abuses and aggressive litigation borrowers can expect from these companies currently offering loans designed to circumvent the law.
A Lifetime of Assets - Asset Preservation: Trends and Interventions in Asset Stripping Services and
09/26/2006
Josh Silver and Marva Williams This paper focuses the increase in high cost consumer and home mortgage debt as a dangerous threat to asset preservation and examines the Consumer Rescue Fund, innovative program administered by the National CommunityReinvestment Coalition (NCRC) that employs several strategies that enable consumers to preserve home ownership in the face of foreclosure by high cost lenders. 
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. 
Key Trends in Chicago Area Mortgage Lending: Analysis of Data From the 2004 Chicago Area Community
03/28/2006
Geoff Smith
This analysis of Chicago area mortgage lending is intended as a companion piece to Woodstock Institute’s 2004 Chicago Area Community Lending Fact Book. It is meant to help put the mortgage lending data found in the Fact Book in a broader regional context. The first section analyzes regional trends in home purchase lending with a focus on changes in home buying patterns between 1999 and 2004. The second section focuses on patterns of high cost lending and foreclosures in the region.
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. 
Blindfolded Into Debt: A Comparison of Credit Card Costs and Conditions at Banks and Credit Unions
07/05/2005
Tim Westrich and Malcolm Bush
This report analyzes the deceptive effect of credit card terms and conditions and how these terms and conditions massively raise the cost of using credit cards and contribute to rising levels of consumer debt.
There Goes the Neighborhood: The Effect of Single-Family Mortgage Foreclosures on Property Values
06/14/2005
Daniel Immergluck and Geoff Smith
This report shows that foreclosures have a significant negative effect on neighborhood property values. Although foreclosures have long been considered a problem associated with FHA loan programs, recent research has shown that the explosion in foreclosures that began in the 1990s was primarily driven by the growth of high-risk, conventional subprime lending.
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. Dan Immergluck, Grand Valley State University Examines the impact of foreclosures of single-family mortgages – both conventional and government guaranteed – on levels of violent and property crime at the neighborhood level. |
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