Tag Archive | "St. Louis Beacon"
Unemployment in St. Louis
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...Change the World: American Heroes
Tuesday, November 10, 2009
Back in January, we posted an article originally written by the St. Louis Beacon about Hence Forland, a veteran who had opened his home to homeless veterans in St. Louis. The transitional home entered an HGTV contest with the hopes of winning $40,000 to make repairs on the home. St. Louis was one of two [...]
Continue reading...Neighborhood Stabilization in Ferguson
Wednesday, November 4, 2009
The St. Louis Beacon recently reported on the tireless efforts of Rosalind Williams, the director of planning and development for the city of Ferguson. Williams spends a great deal of her time on the hunt for foreclosures that have been on the market for at least 90 days. More specifically, she looks for small, one-story [...]
Continue reading...St. Louis Beacon report: Many still waiting on help from NACA
Tuesday, November 3, 2009
Back in September, we posted a report from the St. Louis Beacon regarding the “Save the Dream Tour,” held by NACA (Neighborhood Assistance Corporation of America) in early August. The Beacon’s article highlighted several participants who were promised loan restructures at the event only to later be given different terms or not contacted at all. [...]
Continue reading...Rethinking Homeownership
Monday, November 2, 2009
Another recent article in the series “Race, Frankly”, from The St. Louis Beacon, takes a different look at how minorities have been affected by the mortgage crisis. According to Amaad Rivera of United For a Fair Economy, Latinos, blacks, and Asians have lost an estimated $164 billion to $213 billion due to sub-prime loans (in [...]
Continue reading...The Mortgage Crisis and Minority Communities
Friday, October 30, 2009
In the new series “Race, Frankly”, The St. Louis Beacon explores issues of race and the many ways they affect the St. Louis community. In a series of stories, reporter Mary Delach Leonard recently examined how the mortgage crisis is affecting local minorities. The root of the problem stems from the housing discrimination that began [...]
Continue reading...Senator Claire McCaskill Discusses the Financial Aid Process
Wednesday, October 28, 2009
In tough times, it is especially difficult to pay for college. Now, lawmakers are addressing the issue as more and more families require financial aid to send their children to school. Last Friday, Senator Claire McCaskill (D-MO) held a videoconference on financial aid. The conference gave college and high-school officials, college counselors, parents, and students [...]
Continue reading...The St. Louis Beacon Reports on the STL NACA Event
Thursday, September 24, 2009
Recently the St. Louis Beacon reported on the results of the “Save the Dream Tour,” held by NACA (Neighborhood Assistance Corporation of America). The four-day event, aimed at helping financially troubled homeowners, was in St. Louis July 31st to August 3rd at the Chaifetz Arena. The Beacon spoke with Sherre Waggoner of Maplewood, who attended [...]
Continue reading...The Fed on the Recession
Wednesday, September 16, 2009
There’s been a lot of buzz surrounding Federal Reserve chairman Ben Bernanke’s visit on Tuesday to the Brookings Institute. In response to a question, Bernanke told the crowd that the recession, “is very likely over”. The New York Times reports that his words came just after reports of increased retail sales for August. The Fed [...]
Continue reading...Glossary of Foreclosure and Mortgage Related Terms
Friday, July 10, 2009
The vocabulary surrounding foreclosure and the real estate industry is incredibly complicated. To help you out, here’s last summer’s St. Louis Beacon glossary of easy-to-understand definitions, updated with the help of Linda Ingram from Beyond Housing. Adjustable-rate mortgage (ARM): A mortgage that starts out with one interest rate for a period of time and then [...]
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 [...]
From the Beacon’s Job Talk: GO! Network- health quotes: Please allow me to define a "good paying job" as $...
- forex: 19 months into recession and it seems to me that w...
- Lilliam Meehleder: Hello i am so delighted I found your blog, I reall...
- usb troubleshooting: I'm impressed. It's such a shame more folks haven'...
- cj chreist: I am calling the number posted on the website. I w...
- 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.
Wednesday, January 6, 2010
0 Comments