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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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Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.