Financial Products

Report: FHA/VA Lending Concentrated in Neighborhoods of Color

Leading community organizations, including Chicago’s Woodstock Institute, report evidence of a two-tiered mortgage market characterized by high rates of government-backed loans made both to borrowers in communities of color and to borrowers of color in their new report, “Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending.”
 

Completed foreclosures skyrocket in Chicago area

Completed foreclosure auctions in the Chicago six county region more than doubled from the first half of 2011 to the first half of 2012, new data from Woodstock Institute show. New foreclosure filings stayed relatively flat from the first half of 2011 to the first half of 2012, but several low-wealth communities that had seen recent declines in new foreclosures experienced substantial growth over the same time period. Foreclosure filings indicate the beginning of the foreclosure process, but  not all filings end in a completed foreclosure auction.

Hardest Hit Fund scaling up to help unemployed homeowners: First Quarter 2012 HHF Analysis

By Woodstock Institute
 
Data from the Illinois Housing Development Authority (IHDA) show that the Illinois Hardest Hit Fund (HHF) is reaching a broader group of struggling homeowners and offering greater amounts of assistance than in the previous quarter. At the same time, the length of time it takes to process the HHF application is growing.
 

Lakeside CDC Fair Housing Training (City of Chicago, North Side)

Lakeside Community Development Corporation will partner with Lawyers Committee for Better Housing to offer a free 2-hour workshop on fair housing. The workshop will provide useful and practical information on housing discrimination and laws to prevent it, as well as how to file a complaint if you or someone you know has experienced illegal housing discrimination. It will also cover ways you can help promote equal housing opportunity in your community, workplace, and residence.
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Location: 
Lakeside CDC, 6636 N Clark Street, Chicago
Start Date: 
July 11, 2012 - 10:00am - 12:00pm

"Comprar Su Casa Propia" - Orientación para Compradores de Casa por Primera Vez (Chicago, North Side)

Usted...
 
¿Está cansado de pagar renta?
 
¿No está seguro si puede comprarse una casa?
 
¿Está listo para aprender cuáles son sus opciones?
  Read more »

Location: 
Lakeside CDC, 6636 N Clark Street, Chicago
Start Date: 
June 21, 2012 - 6:00pm - 8:00pm

"Comprar Su Casa Propia" - Orientación para Compradores de Casa por Primera Vez (Chicago, North Side)

Usted...
 
¿Está cansado de pagar renta?
 
¿No está seguro si puede comprarse una casa?
 
¿Está listo para aprender cuáles son sus opciones?
  Read more »

Location: 
Lakeside CDC, 6636 N Clark Street, Chicago
Start Date: 
June 21, 2012 - 6:00pm - 8:00pm

Federal bills would help underwater homeowners refinance

Back in February, President Obama announced a package of initiatives designed to make refinancing easier for underwater homeowners. The proposals have been crafted into legislative language and need Congressional approval to help homeowners take advantage of historically low interest rates, saving homeowners an estimated $3,000 per year.
 

Justice Department reaches $21 million settlement to resolve allegations of lending discrimination by SunTrust Mortgage

Borrowers were Charged Higher Fees Based on their Race or National Origin in 2005-2009 Before the Company Implemented New Policies
 
 

Preservation Forum: 2- to 4-Unit Rental Stock (City of Chicago, Downtown)

 Join the Preservation Compact for a dialogue about the issues facing 2- to 4-unit buildings and potential solutions for preserving them as rental housing. 
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Location: 
DePaul Center, 1 E Jackson Blvd, Room 8005, Chicago, IL
Start Date: 
June 13, 2012 - 8:30am - 11:00am

DOJ Looking to Identify Eligible Borrowers for Countrywide Fair Lending Settlement

The Civil Rights Division of the Department of Justice wants to update you on the process to distribute proceeds from the $335 million victim fund created as part of the Department of Justice’s December 2011 lending discrimination settlement with Countrywide.

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