Fannie Mae and Freddie Mac, which now back 79 percent of newly issued mortgage loan securities, report on their credit standards in their reports to the Securities and Exchange Commission (SEC). The charts below show that these government-sponsored enterprises...
The law, sponsored by Rep. Greg Harris (D-Chicago) and Sen. William Haine (D-Alton), requires that payday lenders obtain a license from the Illinois Department of Financial and Professional Regulation. Lenders who fail to obtain a license may face a...
By Anna Lothson August 22, 2012 Foreclosure filings in Oak Park are holding steady compared with last year’s numbers, but the number of auctions, i.e. homes sold in foreclosure, have more than doubled in a year’s time,...
Description The communications assistant will work closely with the Vice President of Public Policy and Communications and the Policy and Communications Associate to implement Woodstock Institute’s communications plan, adapt Woodstock’s content for web and email campaigns, and...
By Becky Vlamis August 20, 2012 Earlier this summer, San Bernadino County, an area east of Los Angeles hit hard by the mortgage crisis, considered a plan that could potentially help homeowners whose mortgage payments exceed the actual...
By Matthew Blake August 16, 2012 Foreclosure filings increased by exactly one percent in the city of Chicago between the first six months of 2011 and first half of 2012, according to data compiled by the Woodstock Institute....
By Mary Ellen Podmolik August 15, 2012 Auctions of foreclosed homes in the Chicago area more than doubled during the first half of the year, taxing the resources of court systems and potentially delaying a housing recovery...
By Jon Prior August 14, 2012 Mortgage investor and homeowner advocacy groups made their cases to the Chicago City Council Tuesday over a controversial plan to seize underwater mortgages through eminent domain and refinance them into government-backed loans....
Woodstock Institute’s testimony focused on the significant public benefit that could be achieved by expanding the availability of principal reductions and ensuring long-term housing affordability. In the fourth quarter of 2011, Woodstock Institute identified 245,486 mortgaged properties with negative...
By Odette Yousef August 14, 2012 New figures show that while the number of properties with foreclosure filings in the greater Chicago area didn’t change significantly from the first half of 2011 to the first half of 2012,...