housing markets and high foreclosure rates, The Federal Reserve System helped to establish what is now known as NeighborWorks …

, Indiana and the southern suburbs of Cook County, Illinois. At each of these sites, the local foreclosure problem was (self …

Starting in the second half of 2007,the foreclosure crisis spread quickly across the Chicago area, seriously affecting … communities of color and vulnerable populations. Although some public, private, and nonprofit responses to the growing foreclosure …

the past-due and foreclosure rates in these neighborhoods. For illustration purposes in the print version of this article …

Foreclosure rates are defined as mortgages in the foreclosure process as a percentage of all mortgages. These rates … vary fairly dramatically across states. While the average foreclosure rate in the 50 states and the District of Columbia in ….44 percent in Wyoming. One state that has exhibited high foreclosure rates over the past decade is Indiana. Indiana ranked second …

foreclosures in lower-income communities. Foreclosure is a continual problem in low-income communities; foreclosures have a more … impact of foreclosure than middle- and upper-income households (Schloemer et al., 2006). The current crisis has reached into … foreclosure. These communities have few traditional financial institutions, such as banks and thrifts, and must largely rely on …

sharp increase in foreclosure starts1 city-wide in the past two years in particular. Foreclosure starts in Chicago rose … longer, and lower-income households have a more difficult time recovering from the effects of a foreclosure. …

mortgage loans in foreclosure at year-end 2003 (the latest year for which information is available) was over 500,000. This … translates into $25 billion in foreclosure cost for lenders. ; Of course, lenders are just one stakeholder in the foreclosure … alternatives to the foreclosure process? And if so, what are the advantages of using those alternatives …