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Quick Hit
Fri Jul 22, 2011

Big Banks, Wall Street Win Big This Week

It’s been a great week for big banks and corporate giants -- and a bad week for consumers and ordinary citizens everywhere.

The U.S. House passed a bill that cuts into the new Consumer Financial Protection Bureau (CFPB), and here in Illinois, Attorney General Lisa Madigan was named one of the main negotiators working with big banks for immunity in civil courts over foreclosure law suits.

Quick Hit
by Aricka Flowers
Fri Jun 17, 2011

Number Of The Week: 14,395

That's the number of homeless people in Illinois in 2010, according to the U.S. Department of Housing and Urban Development (HUD). According to the federal government, homelessness has gone down in the state by 7 percent since 2007. But the numbers also showed that homelessness did increase in Illinois between 2009 and 2010 by more than 300 people.

Housing advocates say the numbers, and highlighted decrease since 2007, are not truly reflective of the state of homelessness in Illinois.

PI Original
Wed Jun 15, 2011

How Big Banks Displace Families Who Rent

Banks taking over foreclosed properties are considered the new homeowners, but what happens when the building is home to dozens of families who rent? A local neighborhood group says that should make the banks the landlords too -- at least temporarily.

Quick Hit
Fri Jun 10, 2011

Number Of The Week: 17,467

That is the number of rental units in foreclosed properties in Chicago. In a report (PDF) issued Thursday by the Lawyers’ Committee for Better Housing, the 17,467 rental units came from 5,904 apartment buildings within Chicago -- which amounts to tens of thousands of Chicagoans who were left homeless in 2010.

The banks involved in the majority of the foreclosure filings are Bank of America, Wells Fargo, Chase, Deutsche Bank, US Bank, and CitiMortgage.