Tag: sb 1552

OHCS Creates New Promotional Video Explaining Oregon’s Foreclosure Mediation Program
By October 31, 2013 0 Comments Read More →

OHCS Creates New Promotional Video Explaining Oregon’s Foreclosure Mediation Program

Oregon Housing and Community Services (OHCS) has created a snazzy new promotional video explaining how the Oregon Foreclosure Avoidance Program works. The video now greets every visitor to the state’s central foreclosure information repository: OregonHomeownerSupport.gov. The website also contains a search tool to locate the nearest state-approved housing counseling agency and information about programs and […]

Posted in: Features
By September 26, 2013 0 Comments Read More →

Oregon Senate and House Committees Get Update on Foreclosure Mediation Program

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 […]

Posted in: News and Events
By September 26, 2013 0 Comments Read More →

OFAP Advisory Committee Meeting Oct 29

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 […]

Posted in: News and Events
By September 25, 2013 0 Comments Read More →

New Law Review Article on Good Faith in Foreclosure Mediation

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.

Posted in: News and Events
By September 20, 2013 0 Comments Read More →

Portland Business Journal: Oregon’s Foreclosure Mediation Law Is Working

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.

Posted in: News and Events
By September 20, 2013 0 Comments Read More →

Attorney General Rosenblum “Delighted” At Early Success of New Foreclosure Mediation Program

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 […]

Posted in: News and Events
By September 20, 2013 0 Comments Read More →

Oregonian: Expanded State Foreclosure Mediation Program Seeing More Cases

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 […]

Posted in: News and Events
By August 5, 2013 0 Comments Read More →

Attorney General Rosenblum Pens Op-Ed Calling Revamped Mediation Program A Win-Win

This weekend Attorney General Ellen Rosenblum published a smart and insightful op-ed in the Statesman-Journal calling the revamped foreclosure mediation program a win-win for homeowners, lenders and the Oregon economy. Since taking office, Rosenblum has demonstrated a keen understanding of the problems facing struggling Oregon homeowners. During the last legislative session, Rosenblum testified in support of SB […]

Posted in: News and Events
By August 4, 2013 0 Comments Read More →

OregonLive: State Starts Do-Over on Foreclosure Mediation

Elliot Njus has a short article on the relaunch of the foreclosure mediation program, now dubbed the Oregon Foreclosure Avoidance Program, on OregonLive. In the article, the Oregon Banker’s Association’s chief lobbyist on this issue, Paul Cosgrove, warns that lenders will need time to adjust to the new rules, noting that lenders had only a […]

Posted in: News and Events
By August 4, 2013 1 Comments Read More →

Oregon’s Revamped Foreclosure Mediation Program Goes Live

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 […]

Posted in: News and Events