Attorney General makes mortgage standards permanent

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Tuesday, July 24, 2012

Oregon is making a set of temporary mortgage servicing rules permanent.

The rules announced Monday by Attorney General Ellen Rosenblum identify mortgage abuses -- like improperly assessing late fees, "misrepresenting" information in sworn foreclosure statements, or not dealing with borrowers in good faith -- that the state will enforce under the Oregon Unlawful Trade Practices Act.

The rules were adopted on a temporary basis in February by Rosenblum's predecessor, John Kroger. He later proposed holding all the state's mortgage servicers to new rules based on those in a nationwide mortgage settlement with the country's five largest servicers.

Read more at OregonLive.com.

{biztweet}oregon mortgage{/biztweet}

 

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