1506030_salliemae_final.pdfThis letter comments on Sallie Mae Bank’s performance under the Community Reinvestment Act. The letter urges the FDIC to hold Sallie Mae Bank accountable for poor lending and banking practices. The Community Reinvestment Act requires banks to work with...
“All we’re saying is, this is what the data show: Female applicants are less likely to get loans originated than male applicants,” lead researcher Spencer Cowan told the Chicago Tribune. “We don’t have basic underwriting criteria … we don’t...
The Woodstock Institute’s new study found that female home loan applicants in the six counties that make up the Chicago metro region were 14.5 percent of women were less likely to receive a mortgage than male applicants, while 28.3...
Photos from the event The first panel included Woodstock Vice President Spencer Cowan, who presented on our new report, Her Longer Road Home: Disparities in Mortgage Lending to Women in the Chicago Region. With the exception of the lowest-income...
A new report by the Woodstock Institute found that women in the Chicago area are more likely to be turned down for mortgages than men. The study looked at data from more than 211,000 applicants for home purchase loans...
In 2014, eight Illinois organizations received over $2.8 million to help enforce fair housing rules. Budget cuts would limit these organizations’ ability to meet critical needs, such as conducting fair housing testing; supporting the recovery from the foreclosure crisis;...
140619_longerroadhome_cowan_factsheet.pdf
Could banks be discriminating against women in one of the largest U.S. cities? According to a report from the Woodstock Institute, a non-profit advocacy group, men in Chicago are far more likely to receive mortgages than women. The study...
The study, which controlled for applicants’ income and the size of the loan sought, found that female applicants in the six-county Chicago area were 14.5 percent less likely to receive a home purchase loan than men. A woman whose...
Download the report RSVP for 6/19 forum on barriers to asset-building for women “Homeownership is one of the primary ways that people build wealth,” said Spencer Cowan, Vice President of Research at Woodstock Institute. “It is concerning that women have...