Tag Archive | "Mortgage Crisis"
Avoid Scams
In this video, Missouri Attorney General Chris Koster talks about how to avoid scams that prey on people during times of economic hardship. When seeking foreclosure prevention counseling or loan modification assistance, never pay up-front fees before services are rendered. Tax-payer funded, HUD-certified housing counselors offer services at no charge. If you encounter what you [...]
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...Foreclosure filed every 13 seconds
Thursday, October 8, 2009
Reuters reported yesterday that an American home falls into foreclosure every 13 seconds, a disturbing statistic that demonstrates the intensity of the current recession. The report goes on to emphasize what we’ve seen in the St. Louis community: the driving force behind foreclosures is not the terms of the loan, but a lack of income [...]
Continue reading...Hope Is Moving In – New initiative to fight homelessness
Tuesday, October 6, 2009
The recent American Recovery and Reinvestment Act opened considerable funds for the City of St. Louis to fight homelessness in our community—the U.S. Department of Housing and Urban Development (HUD) allocated $8.1 million to the City of St. Louis, and the State’s Department of Social Services’ allocated nearly $300,000. The new initiative began today,with an [...]
Continue reading...St. Louis Business Journal: St. Louis foreclosures increase 32%
Friday, September 11, 2009
Yesterday the St. Louis Business Journal reported that St. Louis foreclosures increased 32% in August (compared to July); however, the number of foreclosures is down 17% compared to August 2008. To read the full article, click here. The crisis continues, and we’re continuing our efforts in connecting people with the resources they need during these [...]
Continue reading...5 Tips for Avoiding Foreclosure Scams
Wednesday, September 9, 2009
From The Federal Reserve Board 1. Work only with a nonprofit, HUD-approved counselor. If you are looking for help to prevent foreclosure (www.federalreserve.gov/pubs/foreclosuretips/default.htm), be sure the counseling agency is on the Department of Housing and Urban Development’s list of approved agencies (www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm), or call 877-HUD-1515 (877-483-1515) for more information. If you are approached by foreclosure [...]
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...Listen to KWMU’s Town Hall
Tuesday, August 18, 2009
Listen to KWMU's Town Hall Broadcast from August 13, 2009
Continue reading...KWMU Town Hall Tomorrow
Wednesday, August 12, 2009
Tomorrow KWMU will host a Town Hall event–please see below for details and information on attending. Don’t forget to tune in for the broadcast from 7-8 p.m.! The mortgage crisis continues to have a devastating effect on individuals, families, neighborhoods and businesses throughout the St. Louis region. 90.7 KWMU, with assistance from community partners and [...]
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.
Monday, January 25, 2010
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