Unemployment Leads to More Foreclosures Across the Country

June 23, 2009

A new wave of foreclosures is affecting areas of the country not previously hard-hit by the mortgage crisis.  USA Today reports that these foreclosures are different from the foreclosures at the beginning of the mortgage crisis in 2007.  Instead of being caused by risky subprime lending, the recent increase in foreclosures is due to rising unemployment.  In the ongoing economic recession, more and more people are losing their jobs and are unable to keep up with their mortgage payments.

To learn more about how unemployment is affecting the housing market, you can read the entire article HERE.  If you or someone you know is facing foreclosure, contact a HUD-certified counselor.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.  2-1-1 can also connect you with resources and information about employment, food, health care, counseling, and other services.


Problems with the Making Home Affordable Program

June 11, 2009

NPR’s All Things Considered recently reported on the Making Home Affordable initiative signed into law by President Obama in March.  Though the plan promises to help 4-5 million homeowners, so far it has successfully modified only 17,000 mortgages.  For many Americans, applying for help through the initiative has turned out to be a confusing and complicated process.

You can listen as NPR’s Planet Money team follows the struggle of one young couple applying to the program HERE.  To see if you qualify for the Making Home Affordable plan, CLICK HERE.

If you or someone you know is facing foreclosure, contact a HUD-certified housing counseling agency to seek help.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.


St. Louis on the Air – 5/28

May 28, 2009

Today the focus of KWMU’s St. Louis on the Air was financial literacy.  Host Don Marsh was joined by three guests all working within the St. Louis community to increase financial literacy—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. 

The program covered many topics, including recent credit card legislation, teaching young children about financial responsibility, and much more. 

To learn more about the panelists’ organizations, and to listen to the full program, 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.


Funding for United Way’s Helpline

March 23, 2009

Last week the St. Louis Business Journal announced that the United Way of Greater St. Louis’s 2-1-1 helpline will be getting $238,000 in federal funding.

Throughout our work on Facing the Financial Crisis, United Way has been a valuable partner—their 2-1-1 referral service has connected many people to trusted resources. We’ll keep you updated as we learn more about what the funding will mean for the United Way of Greater St. Louis, and potentially for our region.

To read the full article in the St. Louis Business Journal, CLICK HERE.