Provides information about community reinvestment issues and practices.
- Throughout the Fourth Federal Reserve District, communities are searching for effective approaches to the growing problem of vacant and abandoned properties. In some sections of Lima, Ohio, it is easier to find an empty house than one with occupants. One block of Baxter Avenue is typical: Plywood covers the doors and windows of three modest brick houses in a row; across the street, weeds litter a vacant lot. (PDF)
- In today’s increasingly sophisticated financial markets, loan modifications are often complex processes that involve multiple players with competing legal and financial interests. To better understand loan modifications, the Federal Reserve Bank of Cleveland hosted a one-day workshop in November 2007 featuring four financial and legal experts who shared their knowledge and recommendations for possible solutions to the mortgage lending debacle. (PDF)
- The need for financial education—knowledge that helps people make sound, informed financial decisions—has become increasingly important for financial institutions and community economic development practitioners. Rising consumer debt and low household saving rates show Americans’ growing need for financial education, as do other indicators. (PDF)