The Chicago Fed and the Federal Reserve System have a longstanding interest in the causes and ramifications on unstable housing markets and high foreclosure rates, The Federal Reserve System helped to establish what is now known as NeighborWorks America, the umbrella organization for national...

In 2009, states, counties and cities across the country applied for approximately $3.9 billion from the United States Department of Housing and Urban Development (HUD) to confront the problems of foreclosures and property abandonment. The Neighborhood Stabilization Program (NSP) is the principal...

This article presents information on the location of subprime and Alt-A mortgages ("nonprime" loans) in the five states within the Federal Reserve Bank of Chicago’s district (Illinois, Indiana, Iowa, Michigan, and Wisconsin). The purpose is to identify the zip codes and communities most...