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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.

 

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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