Posts tagged "subprime loans"

In Auburn Gresham, can anyone afford their mortgage?

In Auburn Gresham, can anyone afford their mortgage?
In our final entry in our series examining where we live, Chicago Reporter Publisher Alden Loury talks about what the foreclosure crisis has done in his neighborhood. What’s going on where you live? We want to know. Take a look at your census tract with the New York Times’ slick map and tell us what... Read more »

How segregation caused the housing crisis

How segregation caused the housing crisis
It used to be extremely difficult to get a home loan if you weren’t white. Especially if you lived in a black neighborhood. Banks created maps to show which neighborhoods they would not give home loans to, a process coined here in Chicago in the 1960s called “redlining.” Black families could rent a house, but... Read more »

Chicago: Ahead of LA and NYC in foreclosures

Think Chicago is the forlorn second city? Think again. We’ve got LA and NYC beat in one department: foreclosures. More on chicagoreporter.com The Center for Housing Policy recently released its website – foreclosure-response.org, which has a wealth of recent data on foreclosures and delinquent loans for metropolitan areas all over the nation. Among the data... Read more »
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