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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...Good News in March Unemployment Numbers
6. April 2010
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...Staring a Business – Upcoming Workshop from the Urban League
5. March 2010
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...New Employment Resource from Ready, Aim, Advocate!
23. February 2010
As part of their mission to assist and educate members of the St. Louis community, Ready, Aim, Advocate! (R.A.A.) launched a new resource last week to spread the word about job opportunities in the area. They’ve added a new section to their website that features a regularly updated job board, advertising positions available in the [...]
Continue reading...Walking Away from Underwater Mortgages
18. February 2010
In the wake of the housing bubble and the lingering economic downturn, 23% of homeowners now owe more on their mortgage than their home is worth. Many are so far underwater that they have no reasonable hope of creating equity until the housing market fully recovers. For the hardest hit areas, this could take over [...]
Continue reading...Job Talk from the St. Louis Beacon
2. February 2010
The St. Louis Beacon recently began Job Talk, a series highlighting the effects of unemployment in the St. Louis region. These pieces feature economic insights from local experts alongside a heavy dose of personal stories from struggling residents. A recent Job Talk report describes the situation of a local resident who falls into the category [...]
Continue reading...Cuba’s Continuing Progress
29. January 2010
Cuba, a small city just southwest of St. Louis, caught our attention several months ago as a community that has weathered the recession exceptionally well. We had the opportunity to visit the town and discuss Cuba’s success with local leaders. Among the most important factors we observed were Cuba’s strong economic leadership and extensive planning. [...]
Continue reading...Federal Reserve Bank: “Financial Education in the Workplace” Videoconference
7. January 2010
Check out this opportunity, presented by the Federal Reserve Banks of St. Louis and Kansas City: Join us for the Financial Education in the Workplace videoconference! 11:15 a.m. – 1:30 p.m. | Friday, Jan. 22, 2010 The Federal Reserve banks of St. Louis and Kansas City are hosting a videoconference to highlight a multi-year research project [...]
Continue reading...Unemployment in St. Louis
6. January 2010
Yesterday the St. Louis Beacon posted an article about unemployment: In the St. Louis area, unemployment rose to 9.9 percent in November, up from 9.7 percent in October. That compares to 7.1 percent in November 2008. The article features unemployment figures from cities in the metro area–click here to read the full article and to take a [...]
Continue reading...November Job Report Yields Surprising Results
6. December 2009
On Friday the Labor Department announced a surprising shift in unemployment trends. According to the November job report, the U.S. economy lost 11,000 jobs and the unemployment rate fell to 10% from 10.2%. The New York Times reports that this is the strongest employment report since the recession began almost two years ago. These numbers [...]
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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