The hearing will include testimony from policymakers, community organizations, and financial services leaders. Attendees not presenting oral testimony will have the opportunity to ask questions during several open mic sessions. Both panelists and speakers at the open mic must...
By Lynne Stiefel July 29, 2010 The number of homes facing foreclosure dipped slightly in some Chicago’s suburbs in the first half of 2010, compared to the last half of 2009, but were considerably higher than totals from the...
Nationally, total HAMP activity also fell by 7 percent from May to June. Permanent modifications rose by 14 percent while trial modifications fell by 22 percent. As we noted in past months, the falling numbers of active modifications are...
cra_modernization_july2010.pdf This presentation is designed to facilitate a discussion with community organizations on the benefits of CRA, and help prepare written comments, oral testimony, or answer questions on why CRA modernization is necessary to their organization’s community investment mission.
By Micah Maidenberg July 28, 2010 When Mohammad Valadan first starting hearing about the South Loop in the media several years ago, it was described as a rapidly expanding neighborhood. In short order he decided that residential real...
By Adam Doster July 28, 2010 In one of the more consequential legislative changes this past session, the General Assembly passed a bill almost unanimously that will close a major loophole in the state’s 2005 Payday Loan Reform Act....
The new CFPB will acquire much of its staff from the existing federal banking regulators. Under DFA, the existing agencies have 12 months to make the transition and this could be extended another 6 months. In addition, the Office...
By Jon Prior July 22, 2010 Foreclosures on condominium units in the six-county Chicago area made up 19% of all filings in the first half of 2010, from 17% last year, according to the Woodstock Institute, a nonprofit research...
By Bill Smith July 22, 2010 The Woodstock Institute reports that foreclosure filings in Evanston increased in the first half of this year by 18 percent over the same period last year to a total of 267. The...
By Joe Zekas July 22, 2010 Late last year real estate agents were sounding alarms about a pending tsunami of foreclosures on the North Shore. It doesn’t appear to be happening. The Woodstock Institute’s Q2 2010 report was recently...