Coming in 2021, two new Fact Books: one features 2020 Dodd-Frank Data, the other will aggregate the data from 34 years of Fact Book data to analyze long-term trends Fact Books, A Valuable Resource Woodstock Institute’s Community Lending Fact...
To better assess whether financial institutions meet the lending needs of communities, the Consumer Financial Protection Bureau (CFPB) changed rules governing data collected under the Home Mortgage Disclosure Act (HMDA) in 2015. For the first time in September 2019,...
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...
141028_woodstock_fhfa.pdfThis letter to the Federal Housing Finance Agency affirms the importance of creating strong affordable housing goals for Fannie Mae and Freddie Mac to promote access to mortgage credit for lower-wealth borrowers. It urges the FHFA to strengthen the...
Bad experiences with mortgages and credit cards topped the list of grievances that Illinois residents have filed with the U.S. Consumer Financial Protection Bureau's online complaint portal, a new study shows. The bureau was born out of the 2010...
CHICAGO—Issues with mortgages and credit cards were the top complaints Illinois consumers submitted to the Consumer Financial Protection Bureau (CFPB)’s consumer complaint database, a new policy brief from Woodstock Institute shows. The policy brief examines data from the CFPB’s...
Presentation for the 2013 National Community Reinvestment Coalition Conference in Washington, D.C. Spencer Cowan presented on Woodstock Institute’s “Unequal Opportunity” report, which identified disparities in lending for women in the Chicago six-county region.
Female mortgage applicants are less likely to have their loans originated than are male mortgage applicants, Woodstock Institute finds in a new fact sheet.
Continue reading New research finds disparities in mortgage lending to women
Unequal Opportunity Fact Sheet, March 2013 Using available Home Mortgage Disclosure Act (HMDA) data and controlling for loan-to-income ratios, we find significant disparities in access by women across racial and ethnic groups to mortgages for purchasing and refinancing their...