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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 addedTom Feltner and Malcolm Bush Summaries of the community reinvestment legislation in the United States, United Kingdom, Nigeria, Brazil, South Africa, India, Australia, and Canada.
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.
Marva Williams and Valjean McLenighan
The purpose of this guide is to help community organizations enable their members to join a mainstream credit union and begin building modest assets. Many credit unions offer financial products and services tailored to the needs of low-income people, but mainstream credit unions have not historically reached this population. Partnering with community organizations expands a credit union's membership while giving community organizations the tools to help their members build assets. 
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.
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.
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. 
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.
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. 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. 
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.
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