Illinois has a historic opportunity to ensure state banks, state credit unions, and mortgage companies invest mortgage capital equitably. The ability for the State of IL to hold all lenders accountable for the impact they have on the residents...
Woodstock and fellow Chicago affordable housing advocates have been working with Ald. Harry Osterman (48th Ward) on a Lending Equity Ordinance (LEO), which was recently introduced in City Council.
South Side Builders Association 151202 Mod1.pdf Presented by Spencer Cowan at the South Side Builders Association
Ensuring Fair Housing and Equal Access to Credit 151106.pdf Presented by Spencer Cowan at the Housing Action Illinois Annual Conference
150616_longerroadhome_cowan.pdf The study found that: Mortgage applications from most women and women with co-applicants are less likely to be originated than mortgage applications from men and men with co-applicants, even controlling for loan-to-income ratio. The disparities between the origination...
“The CFPB’s rules promote safe and sustainable homeownership and prohibit some of the worst practices that led to the burst of the housing bubble,” said Dory Rand, president of Woodstock Institute. “We must ensure that the rules are strongly...
The report analyzes 2010 HMDA data on home purchase and refinance lending by loan type in seven metropolitan areas: Boston, Charlotte, Chicago, Cleveland, Los Angeles, New York City, and Rochester, NY. The report concludes with recommendations to promote fair...
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....
fosteringopportunity_whitepaper_june2011_0.pdf