KWMU and Facing the Mortgage Crisis

April 30, 2009

KWMU, our St. Louis NPR station, is now partnering with us on Facing the Mortgage Crisis.  We’re excited to have them as our partner on this project–they’ve already aired a few reports about the mortgage crisis, and you can check those out by clicking HERE

Keep an eye (and an ear!) out for more on Facing the Mortgage Crisis from KWMU, 90.7FM.

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UMSL Brown Bag Series

April 30, 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, and Dale Berenc, Manager of Education Services at KETC. Topics discussed included new media and the mortgage/financial crisis.

Here’s one of the clips from the luncheon.  To watch the rest, visit our YouTube channel or CLICK HERE.


Renters and the Mortgage Crisis–KWMU

April 24, 2009

Today Maria Altman of KWMU did a report on renters and foreclosure.  While owners get 20 days’ notice of a foreclosure, renters often don’t get any notice at all. 

While there’s legislation that’s trying to change this process, as of now renters are in a difficult position.  Ms. Altman gave a few suggestions for people who are afraid their landlord might be facing foreclosure–for example, contacting their county’s Recorder of Deeds to request a foreclosure notice.

To listen to the full report, CLICK HERE.


Renters and the Mortgage Crisis

April 22, 2009

Yesterday the St. Louis Post-Dispatch published an article about the effect of the mortgage crisis on renters–if a rental property is foreclosed on, even renters who pay their rent on time every month can find themselves out on the streets with little to no warning. 

The article mentioned a few bills in the House and the Senate that are trying to extend the length of time renters have in foreclosed properties, but none of the bills have been passed yet.

If you or someone you know may be in this situation–if your landlord has been foreclosed on, or you think he or she may be–call United Way’s 2-1-1 Referral Service at (800) 427-4626.  They can connect you with local, trusted resources. 

To read the full article, CLICK HERE.


Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)

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 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) is? Me too, to learn more about some of the terms associated with the financial and mortgage crisis click on the picture below.

federalreserve


Our Community: Spanish Lake

February 9, 2009

Here is a blog post written by Lauren Schwarze, one of our Financial Crisis interns. This post features how one community in St. Louis is banding together to fight the ripple effects of foreclosure.

Recently on Living St. Louis Jim Kirchherr joined John Thro of the St. Louis County Problem Property Unit and Jamie O’Hare of Neighbors Assisting Neighbors as they visited Spanish Lake.  Thro and O’Hare are working to keep the neighborhood safe –Spanish Lake has had many home foreclosures and the abandoned properties are at risk of graffiti and vandalism.  The St. Louis County Problem Property Unit is tackling some of the bigger problems, but with the help of community volunteers smaller projects can be completed, too.

 

The effort to keep neighborhoods safe is only successful with the help of volunteers.  To contact Neighbors Assisting Neighbors for volunteer opportunities please call (314) 713-0703. To watch the video click below:

 For other Living St. Louis segments featuring communities in our area, please visit the map below


NOW: This is not a private problem

February 9, 2009

This NOW featrure focuses on the mortgage crisis, its ripple effects, and what specific communitie are doing to fight back. Is there really going to be help for homeowners?

At Channel 9, we’ve been looking at how the mortgage crisis has impacted the St. Louis region over the last eight months. These types of stories help spread the word that this is not an issue of “stupid people,” rather it’s an issue of maintaining our cities and neighborhoods.

Click on the picture below to watch the video.

NOW