Online Poll
Should the city of Huntington place a one year ban on new bars in the city?

Yes
No


Fall Colors!
Send us your photos and videos of your Fall activities Pictures and videos of the changeing colors, fall festivals, vacations, picnic's, reunions. Share with everyone your fun! Click submit photo or video to upload.
Struggling Mortgage Giant Has Tri-State Presence Save Email Print
Posted: 7:41 PM Jul 14, 2008
Last Updated: 1:28 AM Jul 15, 2008
Reporter: Carrie Cline
Email Address: carrie.cline@wsaz.com

A | A | A

HUNTINGTON, W.Va. (WSAZ) – Struggling mortgage lending giant Freddie Mac has invested nearly $9 billion in West Virginia home loans, helping nearly 90,000 families.

In Ohio, Freddie Mac invested more than $140 billion, helping more than a million families, while it invested more than $43 billion in Kentucky, serving more than 430,000 families.

Regardless of what mortgage companies are being discussed, more consumers are struggling to pay their bills.

A local spokesperson with Consumer Credit Counseling said, on average, they counsel about 350 people a month. Normally, only about 30 of those sessions deal with mortgages. During the last month, nearly 100 people requested help paying their mortgage.

Jeff Wise said if you're running behind on a payment, you need to seek help immediately. More and more mortgage companies are helping customers by reducing interest rates or forgiving past due amounts.

If you need assistance, you can call consumer credit counseling at 800-281-5969 or by going to this site:
http://cccswv.com

More Stories
Disgraced County Official Loses Fight Over Pension

Governor Sarah Palin to Visit Gallipolis Sunday

Stabbing Suspect Sticks Tongue Out at Victim

Child Porn Suspect Pleads Guilty to Charges

Hillary Clinton Stumps for W.Va. Candidate

Marshall Fitness Center Close to Completion

WV Book Festival Kicks Off Saturday

UPDATE: Ex-Wife Pleads Not Guilty in Million Dollar House Fire

Post Your Comments
First Name:
Location:
Enter Comments: characters left
Email (optional):
Email will not be displayed on site. For station contact purpose only.
Read Comments
Comments are posted from viewers like you and do not always reflect the views of this station.
Posted by: taste tester on Jul 15, 2008 at 02:27 PM
I'm sure these same people with "Mortgage Trouble" are wasting money on cars, eletronics, and entertainment they don't need. I think this alledged bad economy and tough time has been created by and continued to be spread by rumor and nothing substantial. The media make a big deal over minor things. Wake up and use your money wisely!

Posted by: Budget Sense on Jul 15, 2008 at 09:06 AM
Here are some simple things to follow: 1. Cut up the credit cards! Pay with CASH. When you feel the pain & see "Ben" leave your hand, you will spend less. 2. Always pay your "4 walls" 1st: house, food, utilities, transportation to work. While getting out of debt, sell the vehicle with the high monthly payment. Get a cheap used one. When you are out of debt, pay cash for one (Save $500/mo.x 10= $5000 car. Repeat for another 10 mos and trade up to a $10,000 one.) The top 400 $$ people in US advise never use a credit card, never have a car payment & WORK. Do rich people things=get rich. Do poor people things=stay poor. 3. Sell STUFF. 4. Get a 2nd job. 5. Get a budget. 6. Follow these baby steps: 1. Get an emergency fund of $1000 in the bank. 2. Do a debt snowball. 3. Get 3-6 months expenses in the bank to beef up the $1000. 4. Invest 15% of income. 5. College funding 6. Pay off home early 7. Build wealth and give! If you live like no one else now, later you get to LIVE like no one else!

FIND A LOCAL BUSINESS
National Headlines - MSNBC.com
  • Volatile day ends Dow's worst week
    Wall Street capped its worst week ever with a wild session Friday that saw the Dow Jones industrials rocket within a 1,000 point range before closing with a relatively mild loss.
  • Paulson: U.S. will buy stock in banks

    Oct. 10: Treasury Secretary Henry Paulson announces that the Bush administration will move ahead with a plan to buy stock in financial institutions.  (MSNBC)Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions.


  • Fear trumps efforts to solve crisis
    Government efforts to right the financial system have been overwhelmed by global market panic. Those measures may yet prove effective. But for now, fear has the upper hand.
  • Parties war over fraud, intimidation

    Oct. 10: Tempers are rising between Republican presidential candidate John McCain and his Democratic rival, Barack Obama. NBC’s Andrea Mitchell reports. (Today Show)Republicans say Democrats and their allies are trying to subvert the voter registration system with an avalanche of inaccurate or fraudulent new voter registrations. But Democrats charge Republicans are trying to deter would-be voters.


  • Conn. court nixes gay marriage ban

    Joanne Mock, left, and Beth Kerrigan were among plaintiffs in a suit brought after eight same-sex couples were denied marriage licenses in Connecticut. Connecticut's Supreme Court ruled Friday that same-sex couples have the right to marry, making it the third state to legalize such unions.


  • Obama: McCain trying to split nation

    Barack Obama talks to residents at the Fireside Diner in Georgetown, Ohio on Friday.Barack Obama  on Friday accused John McCain of trying to divide the country, but he let fellow Democrats handle harsher attacks while he kept his message mostly upbeat.


PHONE IN YOUR YELLS TO: 1-866-616-5354
SEND US YOUR PICTURES AND VIDEOS INCLUDING BREAKING NEWS AND SEVERE WEATHER