ShoreBank's rescue loan program

Brian Berg

Profitwise, 2008, issue Mar, 11-12

Abstract: Thirty-five years ago, ShoreBank tackled redlining on Chicago?s South Side. A few years later, the bank led the fight to pass the ground-breaking Community Reinvestment Act of 1977. Today, as thousands of South Side home owners are dealing with the repercussions of a subprime adjustablerate mortgage, ShoreBank has taken up a new challenge: providing refinancing to home owners caught up in the mortgage lending meltdown.

Keywords: Mortgage; loans (search for similar items in EconPapers)
Date: 2008
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