Tag Archive | "KETC"
Welcome to Cuba!
As we posted last week, in October we visited Cuba, MO. The goal of the trip was to learn about the town’s economic development strategies and how its residents were handling the recession. We got tons of great footage from community leaders and enthusiastic residents. What we expected to be a gloomy report on a [...]
Continue reading...Get Help to Save Your Home – Today!
Wednesday, November 4, 2009
Today HOPE NOW will host Save Your Home in St. Louis. The event will be from 2 p.m.-8 p.m. at the America’s Center–more details from their flyer are below. Don’t miss this opportunity to meet with your lender face-to-face–it’s free! At the event there will be: -The opportunity to meet one-on-one with your lender to [...]
Continue reading...Get Help to Save Your Home
Tuesday, October 27, 2009
Next Wednesday, 11/4, HOPE NOW will host Save Your Home in St. Louis. The event will be from 2 p.m.-8 p.m. at the America’s Center–more details from their flyer are below. Don’t miss this opportunity to meet with your lender face-to-face–it’s free! At the event there will be: -The opportunity to meet one-on-one with your lender [...]
Continue reading...“Planet Money” Reports: Six unemployed people for every available job
Wednesday, October 14, 2009
NPR’s “Planet Money” blog recently crunched the newest unemployment numbers, with less-than-encouraging results. The blog took into consideration America’s 15.1 million unemployed people (as of September), and the 2.4 million available jobs (as of the last day of August). The result: all of this computes to about six unemployed people for every available job. Despite [...]
Continue reading...Credit Card Reform Act Might be off to an Earlier Start
Wednesday, October 7, 2009
In May of this year, Congress passed the Credit Card Reform Act. The law is meant to protect American consumers from high credit card fees, increases in interest rates without warning, and unfair billing practices. The law will not actually take effect until February 2010, but many lawmakers are urging for the law’s start date [...]
Continue reading...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...College Town, USA: Learning to Budget Wisely
Friday, October 2, 2009
Hey, I’m Sarah and I spent my summer as an intern for the Facing the Mortgage Crisis initiative. I’m from St. Louis but I go to school at Cornell University. From now on, I’ll be blogging from Ithaca, NY , bringing you more reports like the one below. You’ll hear from college students and young [...]
Continue reading...“The Giant Pool of Money” and the Mortgage Crisis
Wednesday, September 30, 2009
Earlier this month, This American Life, the popular radio program from Chicago Public Radio, produced an hour-long story called “The Giant Pool of Money”. The program tells the story of how the sub-prime mortgage crisis began, with input from the actual Wall Street players who contributed to it. Producer Alex Blumberg and NPR’s Alex Davis [...]
Continue reading...Sesame Street Presents “Families Stand Together: Feeling Secure in Tough Times”
Friday, September 25, 2009
In these tough economic times, about 25% of middle class families are at high risk of losing their financial security, and many families are already struggling to make ends meet. It is especially difficult to find the right words to explain these issues to children. In an effort to meet this need, Sesame Street, in [...]
Continue reading...“Your Life, Your Money” PBS Special
Monday, September 21, 2009
PBS recently came out with the one-hour special YOUR LIFE, YOUR MONEY. The program is hosted by actor Donald Faison (Scrubs, Clueless) and focuses on teaching young people sound financial practices. The special also features appearances by Hip-Hop icon Russell Simmons and singer D. Woods of Danity Kane. In case you missed it, you can [...]
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 20, 2009
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