Results tagged “federalreservebank”

In a report published Monday, the Chicago Reporter found that Chicago is the the nation's capital for "high-cost" home loans. The study, looking at three years' worth of federal home-loan data, showed that in 2006, "the Chicago-Naperville-Joliet metropolitan statistical area, which includes Cook, DeKalb, DuPage, Grundy, Kane, Kendall, McHenry and Will counties" led the nation, with 88,315 “high-cost” mortgages. "High-cost" mortgages are defined as first-lien home loans that are at least three percentage points above...

First Governor Blagojevich irritated his political opponents with his All Kids Insurance program, and now he is back at it with his Preschool for All program, which would allow all three and four year olds in the state to attend state-funded preschools. Blago estimates Preschool for All will cost $135 million over the next three years and would enroll around 140,000 students. Blago estimates closing corporate tax loopholes and money from Illinois’ special purpose...