May 28, 2008 DAVID ROEDER The Woodstock Institute, cruncher of foreclosure numbers in the Chicago area, has provided a glimpse at how the mortgage lending crisis is hitting renters. When a lender forecloses on a landlord, buildings often fall...
Foreclosure Crisis Impacts Chicago’s Rental Housing Market The report found that the present foreclosure crisis in the City of Chicago impacts not only the market for single family homes, but also the market for rental housing. Key findings include:...
“Ohio has taken the lead in protecting consumers from high cost debt,” says Lynda Delaforgue, co-director of Citizen Action/Illinois. “Here in Illinois, business as usual means a bad deal for consumers.” In Illinois, a loophole in the 2005 Payday...
FOR IMMEDIATE RELEASE Monday, May 19, 2008 Contact: Lynda Delaforgue, Citizen Action/Illinois 312-427-2114 x3 Greg Brown, Metropolitan Family Services (312) 986-4261 Tom Feltner, Woodstock Institute 312-927-0391 Ohio moves to cap payday loan rates Action needed to...
foreclosurerentalhousing_may2008_smith.pdf Geoff Smith An analysis of 2007 foreclosure filings shows that 35 percent, or over 4,800 foreclosure filings, were on 2- to 6-units multifamily properties. Communities with the highest concentrations of foreclosures on 2- to 6-unit properties include West...