They decided to create a conference center in Woodstock, Illinois, where community leaders could meet and tackle these issues together. When the need to take action became apparent in 1973, the Woodstock Institute was born. Forty years later, it’s undeniable...
Vacant and foreclosed properties in Madison are likely to get a facelift in coming months. The City Council recently approved an ordinance to require financial institutions to inspect, secure and maintain abandoned properties. The measure will require banks, lenders...
A medical doctor, she had gone back to school in the early 2000s to earn a master's degree from Harvard University to further her career. Her husband was a successful small businessman. Their two youngest sons attended private schools. ...
The CFPB recently finalized ability-to-pay rules that include a definition for a qualified mortgage (QM). The qualified mortgage definition incentivizes safe and sustainable mortgage lending by providing some protections from lawsuits to lenders in exchange for offering affordable, soundly...
CHICAGO—Illinois Attorney General Lisa Madigan announced yesterday $70 million of awards to housing counseling and community revitalization organizations. The funding comes from a landmark settlement between 49 state Attorneys General and the nation’s five largest mortgage servicers over allegations...
Industry observers generally agree that Cordray's confirmation brings some welcome clarity, for the CFPB and for those it oversees. FBR Capital Markets analyst Edward Mills said companies that have been under CFPB scrutiny will be eager to finalize rules...
The Woodstock Institute's Katie Buitago wrote the following regarding Kirk's vote to block Watt from the job of director of the FHFA: Senator Mark Kirk voted today against the nomination of Congressman Mel Watt of North Carolina as Director of the...
In this edition of Woodstock Developments, president Dory Rand reflects on her five years at Woodstock Institute, Richard Cordray is confirmed as CFPB director, a keynote speaker is added for the 40th anniversary research symposium, and much more.
Senator Mark Kirk voted today against the nomination of Congressman Mel Watt of North Carolina as Director of the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac. Despite Senator Kirk’s opposition, the nomination passed out...
Illinois Attorney General Lisa Madigan announced Tuesday that she will dole out $70 million to several Illinois communities hindered by the nation’s ongoing foreclosure crisis. The funds, made available by a $25 billion national settlement with five mortgage lenders accused of illegal foreclosure practices, will...