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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.

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
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.

PI Original
by Ashlee Rezin
11:22am
Wed Aug 21, 2013

Protesters Call On Fannie Mae, Bank Of America To Change Lending, Foreclosure Policies (VIDEO)

Protesters took to a downtown Bank of America branch and Fannie Mae’s corporate offices in Chicago Tuesday to urge one of the nation’s largest home mortgage servicers and the largest home mortgage investor to change their lending and foreclosure policies. Progress Illinois was there for the action. 

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