Yesterday, the Advisory Committee for the Oregon Foreclosure Avoidance Program (OFAP) met for the first time since the mediation program relaunched. The service provider, Mediation Case Manager, reported on the progress of cases filed to date. In the first 12 weeks of the program, more than 1,738 cases have been uploaded to the portal. Nearly […]
Last week, two committees in the Oregon House and Senate held informational hearings on the recently launched Oregon Foreclosure Avoidance Program (OFAP). Witnesses testified that lender requests for mediation under SB 558 far exceeded expectations during the first six weeks of the program. Major national servicers, including GreenTree, Nationstar, and US Bank are actively participating […]
The next Advisory Committee meeting for the Oregon Foreclosure Avoidance Program will be held on October 29 from 3:00 to 4:30 pm at 340 Vista Avenue, Salem, OR 97302. Advisory Committee members are appointed by the Attorney General “to assist the Department of Justice with improvements to program administrative rules, evaluation of program performance and recommendations […]
A new law review article to be published in the Illinois Law Review argues that foreclosure mediation programs should require good faith participation by lenders and should impose sanctions when lenders fail to comply. Read the full law review article here. For more scholarly articles on foreclosure mediation, visit our Foreclosure Mediation Resources page here.
According to the Portland Business Journal, “[a] change to Oregon’s mediation law has prompted a flood of requests for face-to-face meetings between lenders and homeowners with delinquent mortgages.” Read the full article here.
On Tuesday, the Oregon Department of Justice issued a press release announcing that the Oregon Foreclosure Avoidance Program has received 456 lender requests for resolution conferences since the August 4 launch. The press release notes that, in the coming weeks, lenders are expected to file hundreds more cases. Attorney General Rosenblum said that the Department […]
Yesterday, the Oregonian reported that the revamped foreclosure mediation program, now called the Oregon Foreclosure Avoidance Program, has received 456 lender requests for resolution conferences during the first six weeks of operation. Fewer than 300 requests were received in the entire first year of the program’s predecessor, the Foreclosure Avoidance Mediation Program. Read the full […]
The new Oregon Foreclosure Avoidance Program (OFAP) officially launched today, though homeowners will not have an opportunity to initiate the process until Monday. OFAP is the creation of SB 558, which overhauled the existing Foreclosure Avoidance Mediation Program (FAMP) in effect since last July. FAMP did not apply to judicial foreclosures, a gaping loophole that […]
A collection of links to articles, media reports, and other online resources relating to foreclosure mediation in Oregon. Please use the contact form to report broken links or to suggest new links that should be added. Oregon Foreclosure Avoidance Program (After August 4, 2013) Ch 304, Or Laws 2013 (Enrolled SB 558) Oregon Administrative […]