Home Must Reads Oregon Supreme Court hears arguments in MERS foreclosure cases

Oregon Supreme Court hears arguments in MERS foreclosure cases

| Print |  Email
Must Reads
Wednesday, January 09, 2013

The future of foreclosures in Oregon now rests in the hands of the state Supreme Court. The high court this week heard arguments on a pair of cases involving the Mortgage Electronic Registration Systems, created by lenders to streamline the bundling, buying and selling of mortgages.

If the court rules against MERS and says the lending industry's shortcut violates state law, it could add considerable time and expense to the out-of-court foreclosure system banks have used almost exclusively in Oregon for decades. That could send more foreclosures to the courts -- or give banks more financial incentive to avoid foreclosure by working with homeowners and considering other alternatives.

At issue in both cases Tuesday -- which were so similar the arguments for the case heard in the afternoon were virtually a continuation of those earlier in the day -- is whether MERS can stand in for the lender in a foreclosure outside the court system.

Read more in the Oregonian.

 

More Articles

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

Timber town

June 2014
Thursday, May 29, 2014
BY LEE VAN DER VOO

A forest collaboration saves the Rough & Ready Lumber Company.


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

When the employee is the customer

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

In 2013, Gallup published a poll showing that 70% of U.S. employees were “disengaged” in their jobs, costing companies $450-$550 billion a year in poor performance.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

Driving green

June 2014
Thursday, May 29, 2014
BY KIM MOORE

Transportation accounts for the second-largest source of greenhouse gases in the U.S. (28% in 2012), and the use of renewable fuels, such as biodiesel and ethanol, is booming in light of state and national programs to make transportation fuels cleaner.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS