Explore our content

All types | All dates | All authors
Loans
PI Original
by Ellyn Fortino
10:36pm
Thu May 28

Consumer Protection Agency Probing Student Loan Services; Researchers Analyze Borrowing At For-Profit Colleges

On the heels of new research detailing trends in student loan burdens at for-profit colleges, the Consumer Financial Protection Bureau launched a public inquiry earlier this month into student loan servicing practices. 

PI Original
by Ellyn Fortino
5:12pm
Thu Sep 25, 2014

Illinois College Dems Call Rodney Davis Out For Ryan Budget Votes

While U.S. Rep. Paul Ryan (R-WI,1) was in Bloomington Wednesday to campaign for U.S. Rep. Rodney Davis (R-IL,13), college students and critics of the Illinois Republican took to Twitter to blast Davis for supporting the conservative Ryan budget.

Quick Hit
by Ashlee Rezin
5:40pm
Thu Aug 28, 2014

Study: Businesses In Low-Income, Majority Minority Areas Struggle To Access Credit

Small businesses in low-income, majority minority neighborhood in the Chicago area were less likely to receive loans between 2008 and 2012, according to a new report by the Woodstock Institute.

On average, about two of every seven businesses in low-income, majority minority areas received small business loans—including business credit cards, lines of credit, and traditional loans of under $1 million—from large financial institutions with assets of more than $1 billion, according to the report, “Dis-Credited: Disparate Access to Credit for Businesses in the Chicago Six County Region.”

Quick Hit
by Ellyn Fortino
1:08pm
Tue Aug 12, 2014

Report: High Housing Costs Persist For Millions Of Americans, Renters Hit The Worst

The U.S. housing industry saw some progress in 2013 due in part to increased housing construction as well as rising home prices and sales, according to the annual State of the Nation’s Housing report by the Joint Center for Housing Studies at Harvard University.

Despite areas of improvement, however, the report found that homeownership rates are still trending downward, low-income households face persistent challenges finding affordable housing and millions of Americans continue to grapple with high housing costs.

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.