|
Updated: 1:28 AM Jul 15, 2008
Struggling Mortgage Giant Has Tri-State Presence
Struggling mortgage lending giant Freddie Mac has invested nearly $9 billion in West Virginia home loans, helping nearly 90,000 families.
Posted: 7:41 PM Jul 14, 2008Reporter: Carrie Cline Email Address: carrie.cline@wsaz.com |
|
2 Comments
Font Size:
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
Latest Comments
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!
More Stories
$310,000,000
Live Feed Now on the Always On Channel
|
|
|
Popular Searches Powered by Local.com |
WSAZ.com Most Popular / Most Comments
- UPDATE: Two More Arrests in Parking Lot Armed Robbery
- BREAKING NEWS: Former Sunoco in Huntington Shut Down
- Business Destroyed by Fire in Logan County
- NASCAR Racer Visits Charleston
- IRS Warns to Expect Some Refund Delays
- UPDATE: Man Charged in Violent Armed Robbery at Huntington Bar
- Residents Hopeful Dunbar Police Will Move to New Neighborhood
- St. Albans Man Arrested in Large Drug Bust
- Couple Claims Neighbor Child on their Taxes
- W.Va. Lawmakers Working to Protect More Victims of Stalking and Abuse
- UPDATE: Vigil for Missing 3-Year-Old Girl
430 Comments - UPDATE: New Chief Deputy in Mason County Releases Department Mission Statement
148 Comments - UPDATE: Mother Awaiting Sentence Faces More Trouble
61 Comments - UPDATE: Man Accused of Victimizing Elderly Found Guilty of Kidnapping; Victim Dies
40 Comments - UPDATE: Two More Arrests in Parking Lot Armed Robbery
24 Comments - UPDATE: Guilty Plea in Scioto County Bank Robbery
18 Comments
CNN.com News Headlines
- Driver herds kids off bus before it blows
- 10 states leave school law behind
- Same-sex marriage OK'd in Washington
- Embattled LA school reopens
- Mississippi court hears challenge to pardons
- High court rejects stay in Spanish sunken treasure case
- Authorites probe 911 response to Josh Powell's home
- Resolution to N. Dakota school nickname dispute still seems far off
- The deadly path to legal status
- Birth control by vending machine
- Video of Chinese toddler sobbing in snow sparks outrage
- Challenger to Chavez showing strength in Venezuela
- Spy agency called before Pakistani high court
- Court suspends Spain's most famous judge
- Deposed president faces arrest in the Maldives
- Greek leaders ready to back austerity deal
- More than 700 suffer food poisoning after Mexico rally
- Asylum or 'medical leave' for Chinese crime buster?
- UK: 'No negotiations' on Falklands
- Freeze strains Ukrainian EMS
- Band camp, other clubs suspended
- Champion remembered at event
- More members accused of hazing
- Sandusky urged to stay inside
- Words matter in Penn State case
- Out-of-county jury for Sandusky?
- 4th accuser drops abuse allegations
- Accuser pleads guilty to child sex
- Attorney: Victims to sue university
- Miss. high court considers pardons
- Lakers visit Celtics
- Lengthy run of All-Star selections end for Duncan, KG
- Don Banks: Biggest offseason questions in the NFL
- Nowitzki, 5 first-timers among All-Star reserves
- Tiger off to solid start at Pebble Beach
- Rangers, Cruz agree on two-year, $16M contract
- With Lin emerging, Knicks games added in Asia
- SB Nation: Explaining Lin's surprise early success
- 'Oil Can' Boyd admits pitching while high on coke
- Leafs, Wings set for '13 Winter Classic
WSAZ.com Sponsor Sections & Links
 |
SOMC
Very good things are happening here. Click here to learn more |
 |
Click here for school closings and delays |
 |
Watch the Lottery Live Monday - Saturday @ 6:59pm on WSAZ NewsChannel 3. Need to check your numbers? Click here. |
 |
Watch the Ohio Lottery Drawings weeknights @ 7:29pm and Cash Explosion Saturday @ 7:30pm on WSAZ NewsChannel 3. |
 |
Click here to donate and help WSAZ help children at risk in our region. Thank you. |
 |
Click here to see how our partners are making Moms and women's lives easier. |
First Warning Hour-By-Hour Forecasts
