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Housing
PI Original
by Adam Doster
10:17am
Wed Jul 22, 2009
2 comments

Senate Reviving Durbin's Mortgage Modification Bill?

Dick Durbin

It's been less than three months since opponents squashed Sen. Dick
Durbin's mortgage modification bill -- a common sense proposal to stem
the spread of foreclosures. After dumping millions of dollars of campaign contributions into the coffers of Wall Street-friendly ...

PI Original
by Angela Caputo
11:07am
Fri Jul 10, 2009
2 comments

HUD Report Only Tells Half The Story

Poverty

Earlier this week, we took note of how Illinois -- and Chicago in particular -- continues to fall behind in developing affordable housing stock to keep the state's poorest families of the streets. Equally troubling, we found, is the fact that the Daley administration has ...

PI Original
by Angela Caputo
11:25am
Wed Jul 8, 2009

Bad News From The Foreclosure Front Lines

Housing

Two of the Prairie State's top housing advocates released some more
grim news yesterday on the handling of the foreclosure crisis in
Illinois. After surveying dozens of agencies backed by the Department
of Housing and Urban Development (HUD), the Woodstock Institute and
...

PI Original
by Angela Caputo
6:25pm
Tue Jul 7, 2009

Pushing Daley On Affordable Housing

Richard Daley

With little fanfare, Housing and Urban Development (HUD) Secretary Shaun Donovan swung through Chicago last week to announce that Illinois has snagged another $95 million in stimulus funds -- this time to get some long-stalled affordable housing projects off the ground...

PI Original
by Angela Caputo
4:38pm
Wed Jul 1, 2009
2 comments

Taking Foreclosure Mediation To The Next Level

Cook Co.

For an indication of how wide Cook County's foreclosure crisis has
spread, look no further than the circuit court. That's where judges
have been buried under a record increase in filings. Unfortunately, the
trend hasn't slowed
in 2009. During the first three months ...

PI Original
by Adam Doster
10:06am
Thu Jun 25, 2009

Foreclosure Bills Pass, But Strength Limited By Banks

Banking

Earlier this month, we cheered the passage
of a few bills in Springfield dealing with the urgent -- and largely
overlooked -- issue of foreclosures.  As notices continued to spread throughout the region and cause vacancies to rise statewide,
it appeared that housing was ...

PI Original
by Adam Doster
9:51am
Wed Jun 24, 2009
2 comments

UE Calls On Wells Fargo To Prevent "Jobicide"

Labor

Earlier this month, Baltimore officials filed a federal lawsuit
against the embattled Wall Street bank Wells Fargo, alleging the
company systematically singled out
black residents for high-interest subprime mortgages, leading to a wave
of foreclosures that is costing the ...

PI Original
by Adam Doster
1:39pm
Wed Jun 17, 2009

Chicagoland Vacancies On The Rise

State Legislature

Back in May, an Associated Press analysis
found housing vacancy rates of 20 percent or more in nearly 40 Illinois
census tracts, ranging from Chicago to Rockford to Danville to East St.
Louis. New data from the U.S. Census Bureau, as reported by Crain's, backs up their work...

PI Original
by Adam Doster
12:25pm
Wed Jun 10, 2009
2 comments

Durbin "Skeptical" Of White House Foreclosure Plans

Banking

Sen. Dick Durbin has spent weeks lambasting the banking industry for
defeating his mortgage bankruptcy reform bill. Considering that the
banks have poured millions
of dollars into a lobbying campaign (through April of this year, the
political action committees for six of ...