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George Noorey
George Noorey
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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




  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.


  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)


  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
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