St. Louis is Facing the Mortgage Crisis
Since June 2008, KETC/Channel 9 has been helping the St. Louis community face the on-going mortgage crisis by connecting those in need with trusted community resources to help them address or prevent a foreclosure situation and deal with other aspects of the current financial crisis. Our work continues here at our new interactive Web site. You'll find all the same great content, and hopefully even more resources to help you or those you know.As we all face the mortgage and financial crisis, we will continue to bring you information from experts, trusted resources, and the St. Louis community.
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The Beacon’s Series on the St. Louis Area Foodbank
The St. Louis Beacon ran a series last week describing the work being done by local organizations to feed struggling residents in the St. Louis region. The reports tell inspiring stories of motivated volunteers alongside sobering facts about families who are unable to reliably put food on the table. The first installment of the series [...]
Continue reading...6. April 2010
Good News in March Unemployment Numbers
The new unemployment figures for March have been all over the news for the past two weeks (we’ve covered them in several tweets). They’ve created a positive buzz among economic analysts who are excited about the biggest job creation in three years. NPR’s Planet Money reported that the economy has “turned the corner.” The most recent [...]
Continue reading...1. April 2010
Lessons from the Wright Family on Seeking Help
We met with the Wright family several weeks ago and heard of their difficult time during the mortgage crisis. Like many Americans, they’ve had difficulty making ends meet during the recession and were on the verge of losing their home. Rather than wait for foreclosure to happen, the Wrights made the most of the help [...]
Continue reading...5. March 2010
Staring a Business – Upcoming Workshop from the Urban League
Mark your calendars! On March 11th, the Urban League will be hosting a workshop designed to give aspiring entrepreneurs the information they need to put their plans into action. The event will feature presenters from U.S. Bank and the Missouri Small Business Development Center. They will discuss a number of pertinent topics, such as how [...]
Continue reading...20. January 2010
Resources for Job Seekers
There are many resources available to job seekers. Last month the St. Louis Post-Dispatch compiled a list of the organizations that provide assistance to those seeking employment opportunities. Below is the list of groups–take a look. BounceBack St. Louis www.BounceBackSTL.net Please check website for meeting locations, dates and times. Businesspersons Between Jobs www.bbj.org St. Mark [...]
Continue reading...16. December 2009
Loan-Modification Scams and How to Spot Them
As the rate of foreclosures accelerates across the U.S. following the sub-prime mortgage crisis, so does the number of scam operations aimed at taking advantage of struggling homeowners. People experiencing financial problems and/or foreclosure are vulnerable targets—often desperate to save their homes and livelihood at any cost. It is important that every homeowner, regardless [...]
Continue reading...Take Action
Audio / Video
The St. Louis Beacon posted a new segment in their Job Talk series earlier this week. This report describes GO! Network and its work to help unemployed professionals in St. Louis. The economic downturn has led to unemployment among groups who have never before had to worry about paying their bills on time. Among them [...]
Reverse mortgages are a complicated product and aren’t appropriate for everyone. In our final video of the series, Buz describes the basic considerations that seniors must make when determining if a reverse mortgage is right for them. We hope you’ve enjoyed these videos. A huge thanks to Buz Zeman for talking with us. Additional information on reverse [...]
The explosive popularity of reverse mortgages and the flood of advertisements that followed have spread a number of misconceptions about reverse mortgages. Buz addresses a number of them in this video, explaining what reverse mortgages are and aren’t. He also talks about popular scams and how to avoid them. Look for the final video of [...]
Several weeks ago, Lauren had a conversation with Buz Zeman of Housing Options Provided for the Elderly (HOPE), an organization that counsels seniors on mortgages and other housing issues. Buz said that he has had to devote much of his time lately to explaining reverse mortgages. Though this sort of loan is not new, it’s [...]
In this video, St. Louis Mayor Francis Slay suggests that anyone facing foreclosure or in trouble with their mortgage seek assistance and determine if they are eligible for the Refinance and Loan Modification program. More information can be found at www.makinghomeaffordable.gov.
In this video, St. Louis County Executive Charlie Dooley encourages those facing financial hardship or anyone who fears losing their home to seek assistance. Tax-payer funded, HUD-certified housing counselors offer services at no charge, and can assist someone facing foreclosure with discussing options with their lender. For information or to connect to resources, call the [...]
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- The Beacon’s Series on the St. Louis Area Foodbank
- Good News in March Unemployment Numbers
- Lessons from the Wright Family on Seeking Help
- Staring a Business – Upcoming Workshop from the Urban League
- New Employment Resource from Ready, Aim, Advocate!
- Walking Away from Underwater Mortgages
- Beacon: Foreclosure Struggles Linger in St. Louis
- From the Beacon’s Job Talk: GO! Network
- Reverse Mortgage Considerations
- Job Talk from the St. Louis Beacon
© 2010 Facing the Mortgage Crisis
in Partnership with the CPB.
20. April 2010
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