Tag Archive | "Financial Crisis"
Unemployment Rate Rises to 9.8%
Monday, October 5, 2009
Chances are, if you’ve been following the news recently you’ve heard about the latest unemployment figures. On Friday, October 2nd, the Bureau of Labor Statistics reported that the unemployment rate rose to 9.8% in September. Now, people looking for work should expect to spend about 26.2 weeks searching. The report also said that 263,000 jobs [...]
Continue reading...Being There for Children
Monday, August 31, 2009
In the past, we’ve had some of our community partners as regular contributors to our blog. Here’s a post from Chris Krehmeyer, President and CEO of Beyond Housing, from his own blog. Chris talks about the importance of being there for children. For example, he recently volunteered for “Expectation: Graduation – Reach Out to Drop [...]
Continue reading...Paying Utility Bills in a Tough Economy
Wednesday, August 26, 2009
We’re all affected by the economy in many ways–if you’ve lost your job, had your hours cut, or taken a pay cut, it makes it difficult, and sometimes even impossible, to pay your mortgage, buy groceries, and pay utility bills. USA Today reported that more and more people are having their power shut off, presumably because of the [...]
Continue reading...Unemployment Driving Foreclosure
Friday, August 21, 2009
When the mortgage crisis began, a large number of foreclosures were due to subprime loans and adjustable rates. But now as the financial crisis has grown, more and more foreclosures are due to job loss. I found this article in USA Today this morning that reports “one in three new foreclosures between April and June [...]
Continue reading...The Financial Crisis and its Impact on Children
Tuesday, July 7, 2009
Jan Polizzi is a staff nurse at Nurses for Newborns. We recently spoke with her about the impact of the financial crisis on the families she interacts with on a daily basis. You can watch a segment of the interview below. Nurses for Newborns is a foundation that provides a safety net for women [...]
Continue reading...UMSL Brown Bag Series
Thursday, June 25, 2009
Last month KETC/Channel 9 attended one of the Brown Bag Series luncheons at University of Missouri – St. Louis. The topic of the luncheon was Facing the Financial Crisis: Using the Media to Address Community Issues. Thomas McPhail, Ph.D., a professor at UMSL, moderated the luncheon; the two panelists were Debbie Irwin, Foreclosure Taskforce Coordinator, [...]
Continue reading...KWMU: Financial Literacy Program 5/28
Wednesday, May 27, 2009
Thursday, May 28th, the topic of KWMU‘s St. Louis on the Air will be financial literacy for all ages. Guests on the program include Ms. Suzanne Gellman, Consumer Economics Specialist at University of Missouri Extension; Cassandra Kaufman, Director of Community Investment at the United Way of Greater St. Louis; and Yvonne Maldonado, Youth Specialist at Kingdom House. Be sure to tune [...]
Continue reading...Looking for a Job After College?
Thursday, April 16, 2009
This article in the St. Louis Post-Dispatch details the difficulty that graduating college students are having in finding a job post-graduation. The article says that most graduates should tack on an extra three months to their job search. What does that mean for graduates who aren’t able to go home to live with their parents [...]
Continue reading...Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)
Thursday, April 9, 2009
As we’ve blogged about before, Federal Reserve Bank of St. Louis has published a timeline of the current financial crisis. The entire site is a great resource, but one thing that may interest people in particular – who are looking to understand the crisis – is the glossary of terms. Are you curious about what an [...]
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.
Friday, November 6, 2009
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