The full press is available below: Chicago, October 15, 2008 – To help combat the growing lending crisis and the rise of foreclosures in Chicago, the John D. and Catherine T. MacArthur Foundation is investing $68 million in grants...

Most frequently mentioned isthe Community Reinvestment Act (CRA), the balanced, but oft-criticized, set of regulationsdesigned to ensure that financial institutions are meeting the credit needs ofboth upper-income and lower-income consumers. Critics suggest that CRA required banks to weaken underwriting standardsand...

By Dennis Rodkin October 1, 2008 As evidenced by Chicago’s annual real-estate chart—which appears in the October 2008 issue and spans the 12-month period from July 1, 2007, to June 30, 2008—home values are down almost everywhere in the...