By November 17, 2013 0 Comments Read More →

The “Merkley Mortgage” Expands to Clackamas and Washington Counties

Earlier this year the Oregon Homeowner Stabilization Initiative (OHSI) launched a pilot program in Multnomah County to refinance underwater borrowers into affordable mortgages. That program is now expanding into Clackamas and Washington counties to reach more borrowers in need. Officially known as the Rebuilding American Homeownership Assistance Pilot Program (RAHAPP), the program has been affectionately […]

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By September 25, 2013 0 Comments Read More →

Did You Know: Oregon Home Rescue Program Offers Mortgage Payment and Reinstatement Assistance?

On August 28, OHSI launched the new Home Rescue Program statewide. Functionally, the program is an expanded version of the recently concluded Mortgage Payment Assistance Unemployment (MPAU) program. Every other Wednesday at noon, 200 slots open up for struggling homeowners who have suffered a significant (10%+) drop in income compared to 2011 or 2012. Eligible […]

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By May 9, 2013 0 Comments Read More →

Two Oregon Foreclosure Relief Programs Closing Soon To Make Way For New Improved Program

In 2010, the Treasury Department established the Hardest Hit Fund to provide assistance to families in states hardest hit when the recession hit and the housing market collapsed. 18 states, including Oregon, received funding to develop “locally tailored foreclosure prevention solutions” in areas hit with large price drops and high unemployment. In Oregon, the Oregon […]

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