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Bill Cunningham
Bill Cunningham
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Oregon Ducks 41, Colorado Buffaloes 24
Local News

The head of the Oregon Bankers Association says efforts on the state level to help consumers facing foreclosures will actually slow down the process even further. Linda Navarro, the President of the Oregon Bankers Association explains that the 14 largest banks in the country hold most of the mortgages, and new federal regulations are now in place to fix fairness issues related to loan modifications and foreclosure proceedings. She says State regulations would be redundant with federal rules, so it would just add more layers and time to the process. "Doing something at the state level may just make us feel good, but really at the end of the day it would just delay foreclosures further and add more instability in the housing market and that's not what most Oregonians want. “ She says in Oregon, most foreclosures happen because the person can't find work. She says in Oregon the average number of months a home that's in foreclosure is deliquent on the payment is at least 16 months.





Traffic & Weather

  • Reed Market Road closed at the RR Crossing, both directions, through October 6.
  • Lane Closure - Industrial Way (24 hrs. > 10/6)
  • Colorad Bridge will be closed for 6 weeks from October 5 until November 17.
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