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Cuba’s Continuing Progress
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...Reverse Mortgage Misconceptions
28. January 2010
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 [...]
Continue reading...All About Reverse Mortgages
26. January 2010
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 [...]
Continue reading...Get Help from Trusted Resources
25. January 2010
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.
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...Economic Planning in Cuba, MO
16. December 2009
The community leaders we spoke with during our trip to Cuba, MO had an extensive understanding of the city’s history and former problems. This video gives a brief overview of a previous economic crisis that devasted Cuba in the early 1980s. Several residents explain how Cuba recovered and, most importantly, what’s different today. You can [...]
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...Two Perspectives on Higher Education during the Recession
4. December 2009
The Public Insight Network has served Channel 9 well in helping us gauge the effects of the mortgage crisis on the St. Louis community. We recently sent out an email asking members to describe how the recession has affected their college plans. The responses of two residents show ways the community is adjusting to the [...]
Continue reading...Federal Housing Administration Announces New Standards for Lenders
2. December 2009
On Monday, the same day that the Obama administration announced its plan to pressure mortgage companies to modify more loans for homeowners, the Federal Housing Administration proposed stricter rules for lenders. The FHA is a government agency that provides mortgage insurance on loans made through its approved lenders. USA Today reports that this year [...]
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.
29. January 2010
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