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Question:
Predatory lending - what is it and how can I avoid it?

Overview:
Predatory lending refers to abusive mortgage practices that extract unfairly high rates and fees from unwitting borrowers. Predatory lending 'threatens the financial security of homeowners and the stability of neighborhoods.' (-Chicago Department of Housing)


Links to more information
AARP article on predatory lending
Center for Responsible Lending
Chicago Department of Housing- Responsible Lending
City of Chicago Office of the Treasurer- Predatory lending information
Freddie Mac: Dont Borrow Trouble
HUD- Predatory Lending Illinois
Illinois Department of Financial and Professional Regulation: Predatory Lending
Illinois Law Help- ITC
Illinois Office of Banks and Real Estate - predatory lending bulletin
Illinois Pro Bono
Legal Assistance Foundation
Mortgage Bankers Association of America - Stop mortgage fraud
National Traning and Information Center- Predatory Practices & Terms
National Traning and Information Center- What is predatory lending?


Who to call for information or assistance
 Counseling: Predatory lending counseling
ACORN Housing Corporation  650 S. Clark Street  http://www.acornhousing.org/   Info 
Chicago Department of Planning and Development  121 N LaSalle  312-744-CITY  http://www.ci.chi.il.us/PlanAndDevelop/   Info 
Chicago Roseland Development Corporation  11015 S. Michigan Avenue     Info 
Chicago Urban League Development Corporation  4510 S. Michigan Ave.  http://www.cul-chicago.org/   Info 
Consumer Credit Counseling Service of Greater Chicago  70 East Lake Street #1115  http://www.debtsolver.org   Info 
Consumer Credit Counseling Service of Greater Chicago- EVERGREEN PARK  3317 W. 95th Street, Ste 3  http://www.debtsolver.org   Info 
Consumer Credit Counseling Service of Greater Chicago- MCHENRY COUNTY,  400 Russel Ct Ste A  http://www.debtsolver.org   Info 
Consumer Credit Counseling Service of Greater Chicago- OAK PARK  1515 N Harlem Ave Ste 205  http://www.debtsolver.org   Info 
Consumer Credit Counseling Service of Greater Chicago- SCHAUMBURG  1320 Tower Rd Suite 150  http://www.debtsolver.org   Info 
Consumer Credit Counseling Service of Greater Chicago- WHEELING  212 S Milwaukee Ave Ste D  http://www.debtsolver.org   Info 
DuPage Homeownership Center  1333 N Main St  http://www.dhoc.org/home.html   Info 
Fuller Park Community Development Corporation  331 W. 45th Street  http://www.fullerpark.com   Info 
Genesis Housing Development Corporation: Corp Office  607 East Oakwood Boulevard  http://www.genesishdc.org   Info 
Greater Roseland Community Development Corp.  1000 E. 111th Street, 10th Floor     Info 
Housing Authority of the County of Lake, IL.  33928 North Route 45     Info 
Interfaith Housing Center of the Northern Suburbs  620 Lincoln Avenue  http://www.interfaithhousingcenter.org/   Info 
Joseph Corporation  32 South Broadway Avenue     Info 
Latin United Community Housing Association  3541 W. North Avenue  http://www.lucha.org/   Info 
Leadership Council for Metropolitan Open Communities- Nearwest Suburbs  1127 S. Mannheim Suite 212     Info 
Leadership Council for Metropolitan Open Communities- Northwest Suburb  701 Lee Street Suite 602     Info 
Leadership Council for Metropolitan Open Communities- Southwest  9730 S. Western Avenue, Suite 828     Info 
Little Village Community Development Corporation  2756 S. Harding     Info 
Logan Square Neighborhood Association  2840 N. Milwaukee  http://www.lsna.net   Info 
Neighborhood Housing Services of Chicago  1279 N. Milwaukee Ave. 5th Floor  http://www.nhschicago.org/   Info 
Nobel Neighbors  1345 N. Karlov  http://www.neighborhoodlink.com/chicago/nobel   Info 
Rogers Park Community Council  1530 W. Morse Ave.  http://www.rogerspark.org/   Info 
South Austin Coalition Community Council (SACCC)  342 South Laramie  (773)287-9957     Info 
Spanish Coalition for Housing  4035 W. North Avenue  http://www.state.il.us/dhr/Housenet/private/spanish/   Info 
Suburban Area Agency on Aging  1048 W. Lake St., Suite 300    http://www.s3a.com/about.htm   Info 
The Resurrection Project  1818 S. Paulina  http://www.resurrectionproject.org/   Info 
 Home ownership counseling
ACORN Housing Corporation  650 S. Clark Street  http://www.acornhousing.org/   Info 
Affordable Housing Corporation of Lake County  3701 W. Grand Avenue, Suite H  http://www.co.lake.il.us/ahc/   Info 
Agency Metropolitan Program Services  3210 West Arthington Street  http://www.nlidt.com/corridor_assets/nlidt/amps.html   Info 
Albany Park Community Center  3403 W. Lawrence Avenue, Suite 300  http://www.albanyparkcommunitycenter.org/   Info 
Back of the Yards Neighborhood Council  1751 W. 47th St.  http://www.bync.org/   Info 
Bethel New Life, Inc.  4950 W. Thomas  http://www.bethelnewlife.org/   Info 
CAHMCO: The Corporation for Affordable Homes of McHenry County  209 Dean Street  http://www.crystallakenet.org/cahmco/   Info 
CEDA Neighbors at Work  1229 Emerson St  http://www.cedaorg.net/new3/index.htm   Info 
Chesterfield Community Council, Incorporated  1750 East 87th Street  http://www.chesterfieldcommunitycouncil.org/   Info 
Chicago Department of Housing  33 N. LaSalle Street  http://www.ci.chi.il.us/Housing   Info 
Chicago Homeownership Coalition for People with Disabilities  614 West Roosevelt Rd.  0 x  http://www.silcofillinois.org/hcc_main.htm   Info 
Chicago Low Income Trust Fund  318 S Michigan       Info 
Chicago Roseland Development Corporation  11015 S. Michigan Avenue     Info 
Chicago Urban League Development Corporation  4510 S. Michigan Ave.  http://www.cul-chicago.org/   Info 
Christian Home Network  411 W. Galena     Info 
City of Chicago- City Assistance Center (Garfield Center)  10 S. Kedzie     Info 
Claretian Associates  9108 S. Brandon Avenue  http://www.claretianassociates.org/   Info 
Community Contacts, Inc.- Housing Continuum, Inc.  1035 East State Street  630/232-7600  http://www.cci-hci.org/index.html   Info 
Community Management Association Inc.  360 N Michigan Ave Ste 2004       Info 
Corporation for Affordable Homes of McHenry County  209 Dean Street  http://www.crystallakenet.org/cahmco/   Info 
DuPage Homeownership Center  1333 N Main St  http://www.dhoc.org/home.html   Info 
Evanston Housing Corporation  2100 Ridge Ave room 3000     Info 
Faithcorp Fund  1525 E. 53rd Street Suite 930  http://www.faithcorpfund.org   Info 
Fuller Park Community Development Corporation  331 W. 45th Street  http://www.fullerpark.com   Info 
Genesis Housing Development Corporation: Corp Office  607 East Oakwood Boulevard  http://www.genesishdc.org   Info 
Greater Roseland Community Development Corp.  1000 E. 111th Street, 10th Floor     Info 
Housing Authority of Joliet  6 S Broadway Street  http://www.housingauthorityofjoliet.org   Info 
Housing Authority of the County of Lake, IL.  33928 North Route 45     Info 
Housing Helpers, Inc.  60 Akenside Road     Info 
Housing Opportunity Development Corporation  1000 Skokie Blvd. Suite 570  http://www.hodc.org/   Info 
Illinois Homeownership Coalition for People with Disabilities  426 West Jefferson  http://www.silcofillinois.org/hcc_main.htm   Info 
Joseph Corporation  32 South Broadway Avenue     Info 
Latin United Community Housing Association  3541 W. North Avenue  http://www.lucha.org/   Info 
Lawndale Christian Development Corporation  3843 W. Ogden Ave.  http://www.lcdc.net/   Info 
Leadership Council for Metropolitan Open Communities- Downtown  111 W. Jackson Blvd, 12 th Floor     Info 
Leadership Council for Metropolitan Open Communities- Nearwest Suburbs  1127 S. Mannheim Suite 212     Info 
Leadership Council for Metropolitan Open Communities- Northwest Suburb  701 Lee Street Suite 602     Info 
Legal Assistance Foundation of Chicago- Central Intake  111 West Jackson Boulevard, 3rd Floor  http://www.lafchicago.org/   Info 
Lester and Rosalie Anixter Center  6610 N. Clark Street  http://www.anixter.org/   Info 
Little Village Community Development Corporation  2756 S. Harding     Info 
Metropolitan Family Services-Calumet Center  235 East 103rd Street  http://www.metrofamily.org/   Info 
Metropolitan Family Services-North Center  3445 N. Central Avenue  http://www.metrofamily.org/   Info 
National Housing Foundation, Inc.  943 N. Plum Grove Road Suite A     Info 
Near Westside Community Development Corporation  216 S. Hoyne Ave.     Info 
Neighborhood Housing Services of Chicago  1279 N. Milwaukee Ave. 5th Floor  http://www.nhschicago.org/   Info 
Nobel Neighbors  1345 N. Karlov  http://www.neighborhoodlink.com/chicago/nobel   Info 
North Beverly Development Coalition, INC  1507 E. 53rd ST. Suite 808  (773)264-5051     Info 
Partners In Charity  613 West Main Street  1-0  http://partnersincharity.org/   Info 
Rebirth of Englewood Community Development Corporation  1912 West 63rd Street  http://www.roecdc.net/index.html   Info 
Regional Redevelopment Corporation  305 E. 132nd St.  (773)660-9431     Info 
Rogers Park Community Development Corporation  1531 W. Morse Ave.  http://www.rogerspark.org/rpcdc%20-%20intro.htm   Info 
Seaway Community Development Corporation  645 E. 87th Street     Info 
South Austin Coalition Community Council (SACCC)  342 South Laramie  (773)287-9957     Info 
South Suburban Housing Center  18220 Harwood Avenue (Suite 1)    http://www.southsuburbanhousingcenter.org   Info 
Spanish Coalition for Housing  4035 W. North Avenue  http://www.state.il.us/dhr/Housenet/private/spanish/   Info 
The Community Service Council of Northern Will County  719 Parkwood Drive  http://www.thecsc.org/A559B8/csc.nsf/fCNTDspPublic1?OpenForm&vGNContent&Cat1=Galt1&Cat2=Pa   Info 
The Resurrection Project  1818 S. Paulina  http://www.resurrectionproject.org/   Info 
The Womens Office, Chicago         Info 
Uptown Chicago Commission  4753 N.Broadway, Suite 530  http://www.uptownchicagocommission.org/   Info 
Will County Center for Community Concerns  304 N. Scott Street  http://www.wcccc.net/   Info