KBND Logo

 

On Air Now

Rush Limbaugh
ON AIR NOW
Rush Limbaugh
9:00am - 12:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
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.

 

 

Share

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED between Windsor Drive and Knott Road  (4/27 - 6/1)
 
LinkedUpRadio Envisionwise Web Services