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Tales from the Trenches

Visit Tales from the Trenches, the national blog for Facing the Mortgage Crisis.

Facing the Mortgage Crisis
Corporation for Public BroadcastingFacing the Mortgage Crisis is part of CPB’s Public Service Media Economic Response Initiative.

Media Coverage

Community Responds to Facing the Mortgage Crisis

View some community testimonials about the ideastream series Facing the Mortgage Crisis.

Frontline - Close to Home

FRONTLINE producer Ofra Bikel (The Hugo Chavez Show, When Kids Get Life) chronicles how one unlikely neighborhood—New York’s Upper East Side—is faring in this recession through the stories of the people who she’s come to know at the hair salon she’s frequented for the past 20 years. The film reveals salon owner Deborah Boles’ struggles to stay afloat, her sister’s risk of imminent foreclosure on her Florida home and the various clients whose lives intersect at this New York City salon—from well-to-do bankers to struggling actors—each with a story to tell about how they’re getting by in these turbulent times. Aired on WVIZ/PBS Tuesday, October 27 at 10pm.

Frontline -The Warning

In the devastating aftermath of the financial meltdown, FRONTLINE uncovers important clues about why it happened—and who could have prevented it.  Program aired October 20, 2009

Marketplace Money Broadcast Live from Cleveland

Public Radio’s MarketplaceMoney produced its show from 90.3 WCPN studios last week (9-19) and included pieces on Cleveland’s foreclosure crisis and internet home sales.

Foreclosures, a driver of recession, eases off across Patchwork Nation

From The Christian Science Monitor

90.3 WCPN Ideastream’s Mhari Saito Earns 2009 Ohio Society of Professional Journalist Award

90.3 WCPN ideastream reporter Mhari Saito is among those being recognized for their outstanding work as part of this year’s Ohio Society of Professional Journalist Awards.  Mhari earned a First Place, Best Enterprise Story - “The Foreclosure Crisis” in the Radio Large category. The Ohio SPJ honors the best of print, broadcast, online, trade and college journalism throughout the state.

Once Upon A Job

Nightly Business Report Presents: Once Upon A Job, Tues. 9-1, Wed. 9-2, Thurs. 9-3. Correspondent NBR Midwest Bureau Chief Diane Eastabrook. This is perhaps the toughest job market since the Great Depression. More than six million Americans are drawing unemployment benefits and countless others have seen their benefits run out. NBR Midwest Bureau Chief Diane Eastabrook introduces us to the faces behind those figures.

‘Short Payoffs’ Help Ohioans Keep Homes

In Ohio, foreclosure rescue funds were intended to help borrowers become “current” on mortgage payments. Now the funds are being coupled with whatever some mortgage holders can afford to complete a buyout of their loan obligations — sometimes for as little as 10 cents on the dollar. Mhari Saito reports for WCPN.

Michigan Radio: What Detroit Can Learn From Cleveland

Jennifer Guerra reports for Michigan Radio on the mortgage crisis in Detroit by looking at what is happening in Cleveland.

Not Much Relief (The New York Times)

The Obama antiforeclosure plan should reduce principal rather than reduce monthly payments because it restores equity to borrowers, according to this editorial from The New York Times.

So Many Foreclosures, So Little Logic (The New York Times)

Lenders lose much more money on foreclosures than on loan modifications. So why are they so hesitant to modify mortgages? Read more by Columnist Gretchen Morgenson of the New York Times.

New Evidence on the Foreclosure Crisis (The Wall Street Journal)

What is really behind the mushrooming rate of mortgage foreclosures since 2007? Read Wall Street Journal columnist Stan Liebowitz’s take.

Boarded Homes & Abandoned Dreams (Feagler & Friends)

Boarded-up houses and abandoned dreams have turned parts of Cleveland into ghost towns. Cuyahoga County Treasurer Jim Rokakis and Cleveland City Councilman Tony Brancatelli join host Dick Feagler to discuss.

A Better Life: Creating the American Dream (American RadioWorks)

The “American dream” has powered the hopes and aspirations of Americans for generations. It began as a plain but revolutionary notion: each person has the right to pursue happiness, and the freedom to strive for a better life through hard work and fair ambition. But over time, this dream has come to represent a set of expectations about owning things and making money. So what exactly is the American dream? How did we come to define it? And is it changing?

Foreclosure Home Assistance LLC of Cleveland Among Three Companies Accused of Scams (Plain Dealer)

The Plain Dealer has been covering the mortgage crisis for years. Recently reporter Sandra Livingston wrote a story about companies that instead of helping people were actually hurting them. Her entire story as well as more Plain Dealer coverage can be found at http://www.cleveland.com/foreclosure/ If you are trying to avoid foreclosure, experts advise working with your lender, mortgage servicing company or a HUD-approved agency.  Call 2-1-1, United Way’s First Call for Help, for referrals to an agency that provides foreclosure prevention counseling for free. www.211cleveland.org

Hard Times in Middletown (American RadioWorks)

For almost a century, Muncie, Indiana has been known as “Middletown,” the quintessential American community. But now, as the rust-belt city grapples with deepening recession, many residents are losing their hold on the middle class. Think of them as the brittle class, just one fragile rung above poverty on the economic ladder.

Foreclosure City (American Radioworks)

Until recently, Las Vegas was one of the few places where the American Dream still seemed widely possible. Each month, thousands of people flocked there, lured by the promise of good jobs and a chance to own a home. It was the fastest growing city in the country. But now, Las Vegas has a new distinction: the nation’s highest foreclosure rate.

Profile of Cleveland Arts Prize Winner Amy Casey

ideastream producer David C. Barnett has prepared this portrait of an artist who has tapped into the mood of our time—Cleveland Arts Prize winner Amy Casey.

Low-Cost Activities, Plus Week in Review (A Place of Our Own)

The current financial crisis is impacting children, families and child care providers throughout this country.  A very special episode of A Place of Our Own focuses on providing tips and advice to help families and child care providers, not just endure, but thrive during these difficult times.  Also featured will be one of the most versatile toys available for kids: the cardboard box.  With paint, scissors, glue and tape, lowly cardboard boxes can be transformed into castles, cars, airplanes, or almost anything a child is able to imagine.

All Boarded Up (New York Times)

Cleveland has often been a focus of the national foreclosure crisis—a city suffering from a high foreclosure rate since 2005. The New York Times Magazine ran a story which examined this issue from right here in Cleveland.

Caregivers Coping in Hard Times (A Place of Our Own)

The economic downturn has hit child care providers especially hard.  As parents face financial difficulties, many have been unable to bear the cost of paid child care, causing child care provider to lose business.  How can child care providers weather this financial storm without sacrificing the quality of care?  This issue will be explored on a special episode of A Place of Our Own.  With advice from child care specialist, Jocelyn Tucker and coping techniques from psychiatrist, Dr. Charles Sophy, A Place of Our Own will focus on practical solutions for child care providers - to help them reduce the costs associated with child care and explore alternative funding sources that may relieve some of their economic burdens.

Trimming Your Family’s Food Budget (A Place of Our Own)

Children need to eat healthy foods in order to grow and properly develop. But with many families’ food budgets shrinking during tough economic times, some parents might be tempted sacrifice nutritious and natural foods for lower cost processed food.  “Trimming Your Families Food Budget” will show you how to give your children the nutritious foods they require while cutting down your grocery bill at the same time.  Plus, poor nutrition and hunger can have a social and emotional impact on your family, so child psychiatrist Dr. Charles Sophy advises on how to weather the storm during an economic hardship.

Financial Tips to Help Families Cope (A Place of Our Own)

The financial challenges many of us are facing today affect the entire family dynamic and can be overwhelming to manage.  This can be due to the inability for many people to pay for such necessities as rent, child care, utility bills, and more.  “Financial Tips to Help Families Cope” is about helping families discover new ways save money, cut costs and prioritize monthly spending to get the most for your dollar.  Plus, child psychiatrist Dr. Charles Sophy continues to lend his expertise on how to help children as we all learn to cope with new financial changes.

Protecting Kids Emotionally During Tough Economic Times (A Place of Our Own)

The current financial crisis is impacting families throughout this country.  New economic realities are forcing many families to make changes, both big and small, which affect their children.  A very special, and timely, episode of A Place of Our Own examines how we, as adults, can help young children understand changing financial circumstances without scaring them.  This special episode of A Place of Our Own features child psychiatrist, Dr. Charles Sophy, helping the Sharp family explain to their 2 ½ -year-old son why they’ve had to move in with a family member after his father lost his job.  This show gives parents the tools to reassure and emotionally support their children, to help them cope during these sometimes frightening and unstable times.

Facing the Mortgage Crisis: A special edition of The Diane Rehm Show

Diane Rehm hosted a special edition of the Diane Rehm Show on April 29, 2009, right before a President Obama press conference about his policy decisions that addressed the troubled economy.

Slavic Village Mortgage Mess (Bill Moyers Journal)

The Bill Moyers Journal travels to ground zero of the mortgage meltdown--Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis.

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United Way 211

Call 2-1-1 for help

United Way's 211/First Call For Help is a free and confidential information service ready to direct you to the health and human services you need in Cuyahoga, Geauga and Medina Counties.

Just dial 2-1-1. Professional staff are available to help you 24 hours a day, every day.

More resources

Save the Dream

The American dream of home ownership is disappearing during these times of crisis. In Ohio, rising unemployment, loss of business, and a bleak economic outlook also threaten that dream.

Help is available. Save the Dream provides information and highlights programs that Ohioians can use to help save the dream of owning a home.

More resources

Upcoming Events

ESOP Partners with Area Suburbs to Help Homeowners

Two additional suburbs will hold local intake sessions, in partnership with ESOP (Empowering & Strengthening Ohio’s People), to provide FREE foreclosure prevention counseling to area homeowners. This initiative builds on ESOP’s track record of making its highly successful foreclosure counseling practices more readily available in Cuyahoga County suburbs.  ESOP already provides intakes in South Euclid and Lakewood.

Starting Feb. 4, 2010, trained counselors from ESOP will also set up shop once a week in Bedford Heights and Garfield Heights. Please see below for more detailed information on the time and location of these new intake sessions. Homeowners do not have to be city residents but MUST call or email ESOP to set up an appointment.

Bedford Heights, Every Wednesday at 6 p.m.
Jimmy Dimora Community Center, 5615 Perkins Road, Bedford Heights, OH 44146

Garfield Heights, Every Thursday at 1 p.m.
Word of Righteousness Family Life Center, 13455 Dressler Avenue, Garfield Heights, Ohio 44125

To make an appointment or for more information, please call ESOP at 216-361-0718 or email .

ABOUT ESOP:
ESOP is a HUD-certified housing counseling agency. ESOP’s success stems from partnerships with various lenders and servicers, allowing for easy negotiation of loan modifications. ESOP has been nationally and internationally recognized for its campaigns against predatory lenders and for its success obtaining mortgage resolutions that keep families in their homes.

More events

Funding

Funding for the coverage of economy and jobs topics comes from The Cleveland Foundation; The George Gund Foundation; The Kelvin and Eleanor Smith Foundation; The Nord Family Foundation; The Bruening Foundation; The Community Foundation for Lorain County; and The Charter One Foundation.