John Groene

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  www.peaceandeducation.org/index.php?src=gendocs&link=Bo - [Cached Version]
  Published on: 8/29/2009    Last Visited: 8/29/2009  

  John Groene, Treasurer Associate Director, Neighborhood Housing Services

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  www.newcommunities.org/news/articleDetail.asp?objectID= - [Cached Version]
  Published on: 3/1/2009    Last Visited: 3/4/2009  

  Both Capraro and John Groene, associate director of Neighborhood Housing Services of Chicago, agreed the Obama plan has two highly desirable features: 1) it waives existing rules to allow homeowners—especially owners current on payments—to refinance at today's lower rates even though they've built up zero on-paper equity because of falling home prices; and 2) it provides a series of incentives to lenders so they'll negotiate monthly payments down to 31 percent of income , the historic level above which borrowers run into trouble.
  
  "This is the level that has worked for the last 30 years and if they [sub-prime lenders] had stuck with it over the last five years, we wouldn't be in this mess," said Groene, who advises the many NHS mortgage counselors working in NCP neighborhoods.
  
  President Obama outlined the basics of his program on Feb. 18 in Mesa, Ariz., a foreclosure hotspot.
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  With foreclosure they're lucky to recapture 50 percent of what's owed, said Groene, with losses of 75 percent becoming common as the housing market deteriorates.
  
  Groene said the core work of the NCP Foreclosure Response Fund , reaching out to troubled borrowers and getting them to counselors for help , will be more important than ever.

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  remodeling.hw.net/industry-news.asp?sectionID=149&artic - [Cached Version]
  Published on: 3/18/2007    Last Visited: 3/18/2007  

  "More clients are contacting us because they are in foreclosure," said John Groene, associate director for Neighborhood Housing Services of Chicago, a non-profit working for neighborhood revitalization.
  
  NHS' mission has been building and rehabbing properties in struggling Chicago neighborhoods and educating first-time home buyers.But foreclosure prevention now eats up about 40 percent of its time.
  
  Groene supervises NHS programs in eight Chicago foreclosure hot spots: Auburn Gresham, Back of the Yards, Chicago Lawn-Gage Park, North Lawndale, Roseland, South Chicago, West Humboldt Park and West Englewood.Their foreclosure rates average seven times the national figure.
  
  Interest rates on subprime adjustable-rate mortgages often start at 8.99 percent, Groene said.Many have one- and two-year fixed rates that reset to 10.5 percent or higher.The higher rate or a family crisis often leads to a refinance, where the interest rates are higher yet."They are refinancing two or three times," he said.

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  www.peaceandeducation.org/freedomweb2/index.php?src=gen - [Cached Version]
  Published on: 1/6/2009    Last Visited: 1/6/2009  

  John Groene, Treasurer Associate Director, Neighborhood Housing Services

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  www.woodstockinst.org/for-the-press/woodstock-in-the-ne - [Cached Version]
  Published on: 6/6/2008    Last Visited: 6/6/2008  

  foreclosure," said John Groene, associate director for Neighborhood Housing Services of Chicago, a non-profit working for neighborhood revitalization.
  
  NHS' mission has been building and rehabbing properties in struggling Chicago neighborhoods and educating first-time home buyers.But foreclosure prevention now eats up about 40 percent of its time.
  
  Groene supervises NHS programs in eight Chicago foreclosure hot spots: Auburn Gresham, Back of the Yards, Chicago
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  often start at 8.99 percent, Groene said.

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  blog.foreclosuresdaily.com/?p=74#respond - [Cached Version]
  Published on: 5/20/2007    Last Visited: 6/25/2008  

  "The actual crisis hasn't started yet," said John Groene of Neighborhood Housing Services.

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  www.nhschicago.org/downloads/4760Reflejos%20%20The%20Vo - [Cached Version]
  Last Visited: 9/12/2009  

  John Groene, Director Asociado de Estrategia Vecinal de NHS, quien supervisa nueve oficinas de NHS, dijo que en los últimos cuatro a seis meses hubo un incremento en el interés de comprar propiedades en Elgin.
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  NHS Associate Director of Neighborhood Strategy John Groene, who oversees NHS' nine offices, said that in the last four to six months there has been an increased interest in buying properties in Elgin. "Lower prices are creating opportunities for people who were priced out of the market two or three years ago," he said.

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  Affordable Loans Available in 10 ZIP Codes of House... - [Cached Version]
  Published on: 1/1/2004    Last Visited: 4/2/2008  

  WHO: Scheduled to speak are Cheryle Jackson, President and CEO, Chicago Urban League; Teresa Lambarry, Manager, Homeownership Department, Spanish Coalition for Housing; Carl Malone, Assistant Vice President, Residential Sales Manager, Harris Bank; Versi Garrett, Director of Lending Services, NHS; John Groene, Associate Director, Neighborhood Strategy and Planning, NHS; and a new homebuyer who recently closed a loan and purchased a home in one of the areas affected by HB 4050.

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  CATALYST, December 2003: Not in their back yard - [Cached Version]
  Published on: 12/1/2003    Last Visited: 3/19/2004  

  John Groene of the Neighborhood Housing Services, notes, "For some students, this could mean that they now have a place to do their homework."
  
  Homeowners are also more likely to vote, participate in CAPS and take ownership of the community, says Groene.

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  Cole Taylor Press Releases - [Cached Version]
  Published on: 7/17/2002    Last Visited: 7/9/2003  

  Second row: John Groene, Director, Neighborhood Housing Service, and Yersica Padilla.

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