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Foreclosure Crisis

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PI Original
by Ellyn Fortino
1:29pm
Thu Dec 17, 2015

South Side Family Facing Foreclosure Eviction Fighting To Keep Their Home

A Washington Heights family facing foreclosure eviction is pleading for an opportunity to repurchase their longtime home from Fannie Mae while staying in the property.

Quick Hit
by Michael Joyce
4:51pm
Thu Jul 30, 2015

New Housing Campaign Casts Spotlight On Those At Risk Of Foreclosure, Eviction

Demonstrators gathered outside of several downtown financial institutions this week to launch a social media campaign highlighting the fact that while the financial crisis might be over, many are still at risk of eviction from their homes.

The demonstration began outside of the Citibank on 11 South LaSalle St. Tuesday, where demonstrators chanted, "We got sold out, banks got bailed out."

The ralliers continued on to four other financial institutions in the area: Chase Bank, Bank of America, Wells Fargo, and Fannie Mae.

This demonstration marks the launch of the Fannie/Freddy 99 Coalition's national social media campaign, called "We Are the Faces of Eviction."

PI Original
by Ellyn Fortino
3:07pm
Mon Sep 8, 2014

Chicago-Area Foreclosures Hit Pre-Recession Levels, But The Housing Crisis Is Far From Over

Chicago's six-county region recorded 13,916 new foreclosure filings in the first half of 2014, a nearly 38 percent drop from a year ago and the lowest level reached since 2007, according to a report by the Woodstock Institute. Local housing activists working to help struggling homeowners offer their take on the new data as well as policies meant to stymie the ongoing negative effects of foreclosures.

Quick Hit
by Ellyn Fortino
2:47pm
Fri Jul 11, 2014

FHFA: 36,000 Underwater Chicago-Area Homeowners Eligible For Refinance Program (VIDEO)

Thousands of Chicago-area residents are eligible for, but have not taken advantage of, the federal Home Affordable Refinance Program, or HARP, which provides refinance opportunities for certain underwater homeowners.

Nearly 36,000 borrowers in the Chicago metro area are eligible to save between $2,000 to $3,000 annually by refinancing their mortgages as part of the program, according to the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.

Quick Hit
by Anthony Burke Boylan
8:49pm
Wed Apr 23, 2014

Chicago Environmentalists Take Fight To Doorstep Of 'Worst Corporate Polluters'

Grassroots groups from all over Chicago’s progressive landscape came together for a Climate Convergence on Earth Day, chanting for environmental and economic justice. The activists marched to corporations they say are the worst environmental offenders to deliver cease-and-desist orders, including Boeing Co., JPMorgan Chase Bank, and the British Petroleum oil company.

“If we do not have immediate change, we will face climate catastrophe by 2050,’’ said Jackie Spreadbury, an organizer with Global Climate Convergence Chicago. She called for people, planets and peace over profits as the rally began in front of the State of Illinois Center Tuesday, The event included speeches and protest songs like “This Land is Your Land’’ and original songs tailored to the event.

“The forces against us are strong, so fight not just these ten days, but every day,’’ she said, referring to the 10 days of action GCC has scheduled through May 1, or May Day. The May Day event is a march from the historically significant Haymarket Square to the ICE building on Congress Street to fight for immigration rights. Click through for more details and check back with Progress Illinois for coverage of Chicago's May Day events.

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