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
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.
Read more »
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.
New data from Woodstock Institute show that more fixed-rate loans are in foreclosure at the end of 2011
By John Griffith and Jordan Eizenga
Center for American Progress
"Comprar Su Casa Propia" - Orientación para Compradores de Casa por Primera Vez (Chicago, North Side)
¿Está cansado de pagar renta?
¿No está seguro si puede comprarse una casa?
¿Está listo para aprender cuáles son sus opciones?
Read more »
Lakeside CDC will host a foreclosure prevention seminar for homeowners and renters concerned about losing their homes due to foreclosure.
At this FREE event, learn about the foreclosure process in Illinois, get information on strategies for preventing foreclosure, and meet with a housing counselor to review your situation and get scheduled for 1x1 counseling. We will also talk about mortgage modification scams and how to protect yourself from predatory service providers.
Read more »
Negative equity is disproportionately concentrated in the Chicago region’s communities of color, Woodstock Institute report shows
Negative equity is disproportionately concentrated in the Chicago region’s African American, Latino, and majority minority neighborhoods, a new report from Woodstock Institute found. The report also found that borrowers in communities of color have much less equity on average than do borrowers in predominantly white communities.
Illinois Attorney General Lisa Madigan, along with U.S. Attorney General Eric Holder and other state Attorneys General, announced the $25 billion settlement of an investigation into widespread robosigning practices within the nation’s five largest mortgage servicers: Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Bank.