Posts tagged "loan modification"

Some Chicago homeowners worse off after loan modifications

Imagine your home is in foreclosure. For a lot of Chicagoans, it’s not hard to dream up. One in five homeowners in the metropolitan area are delinquent by at least one month on mortgage payment. Like so many, you don’t want to lose your home, and so you work with a counselor to get a... Read more »

News Roundup: City Council expected to vote Wednesday on affordable housing

Chicago Ald. Walter Burnett is expected to force the City Council to vote on the Sweet Home Chicago Ordinance, which would allocate 20 percent of the city’s annual TIF budget to develop affordable housing. More at Also in the news… The number of active trial and permanent home loan modifications under the Home Affordable... Read more »

News Roundup: New study shows gap in credit scores between black and white communities

The growing use of credit scores as a screening method for rental apartments, home loans and utilities could create a significant difference in economic opportunity for people with low credit scores due to both the lack of credit history and poor repayment history. This could negatively impact African Americans based on a new study from... Read more »