Home Must Reads Oregonians get millions in foreclosure relief

Oregonians get millions in foreclosure relief

| Print |  Email
Must Reads
Friday, February 22, 2013

5,890 Oregonians received part of a $45.8 billion nationwide mortgage-abuse settlement.

In Oregon, the five major mortgage servicers party to the settlement -- Ally, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo -- have forgiven a combined $385 million in debt, reaching 5,890 borrowers. Another $113 million of relief is in the works.

Most of the completed consumer relief, however, comes in the form of debt forgiven on short sales and second-lien loans, which critics say are among the least painful ways for lenders to meet their obligations.

Read more at OregonLive.com.

{biztweet}oregon foreclosure{/biztweet}

 

More Articles

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

November/December Preview: Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


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