hb4451_subjectmattertestimony_senatecommerce_march2012_0.pdf Testimony of Tom Feltner, vice president of Woodstock Institute, addressing upfront fees and credit products such as overdraft protection or payday loan-like deposit advances for general purpose reloadable cards.
stayingafloat_march2012_cowanbuitrago_0.pdf It finds that negative equity is disproportionately concentrated in the Chicago region’s African American, Latino, and majority minority neighborhoods, and that borrowers in communities of color have much lower equity than do borrowers in predominantly white communities....
stayingafloat_policybrief_mar2012_0.pdf
The report, “Struggling to Stay Afloat: Negative Equity in Communities of Color in the Chicago Six County Region,” used data from a major provider of mortgage and home value data to examine patterns of underwater homes in communities...
For indigent borrowers will little or no means to pay high cost loans or other forms of credit, an arrest can mean the loss of a job or an extreme hardship if a bond is required for release. Robin...
Secretary Donovan spoke of the important role that General Madigan and her staff played in the extensive negotiations, while General Madigan noted that the negotiations could not have come to fruition without the help of the HUD Secretary....
As a result, the relationship between many borrowers and lenders is softening from outright animosity to something that more resembles a détente…. Some lenders are now willing to make deals with owners to let them stay after defaulting,...
Homes with negative equity are more likely to go into foreclosure than are homes that have equity. Negative equity can create a cycle in which a growing number of concentrated foreclosures exacerbates the decrease in property values,...
By Anna Maria Andriotis March 6, 2012 Foreclosures and other distressed properties account for more than a third of all home sales, and data released today suggests that figure may soon grow even bigger. Lenders in...
The Hardest Hit Fund is a federal program designed to aid homeowners who have experienced a significant loss of income through unemployment, underemployment, medical problems, or other reasons. Each state that received funding designed its own approach to...