harrisbank_june2006_cracomments.pdfWoodstock Institute commended the bank on its regular Neighborhood Review Board meetings and its equitable pattern of lending in low-income and Hispanic communities, but expresses some concern over its poor performance in predominately African-American communities.
Chicago Reader Harold HendersonJune 15, 2006 The Woodstock Institute reports that in 2004 "over 40 percent of the conventional single-family mortgages to African-American borrowers in the Chicago area were high cost," compared to just 10 percent of such mortgages...
Comparingcostofcredit_june2006_feltner.pdf Tom Feltner Uses data from the Veritec Solutions February 2006 report on Illinois lending under the Payday Loan Reform Act and data collected by the Monsignor John Egan Campaign for Payday Loan Reform in 2004 to calculate the...
ots_June2006_2006-17_q&as.pdfWoodstock Institute comments to federal banking regulators regarding the proposed Questions and Answers for the implementation of the Community Reinvestment Act regulations adopted by the Office of Thrift Supervision. Comments support a common, interagency definition of “community development” and...
fed_june2006_geoffsmith_hmdadata.pdf Testimony of Geoff Smith, Project Director of Woodstock Institute focusing on the persistent disparities seen in the mortgage lending market, the impact that these disparities have on neighborhoods; and what the Federal Reserve Board can do to curb...
American Banker Patrick RuckerJune 7, 2006 WASHINGTON – Community groups are hoping to use Federal Reserve Board hearings that begin today on mortgage lending to push regulators to tighten supervision of subprime lending and alternative mortgage products. The Chicago Fed...
Will Buss Belleville News-Democrat Chicago-based community development research and advocacy organization Woodstock Institute is reporting American household debt rose from 71 percent of disposable household income to 126 percent between 1979 and 2005. Other findings include: — -Homeowners'...