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Foreclosure-related news

February 18, 2015
Borrowers whose checks resulting from the Independent Foreclosure Review process and became stale-dated, will receive a replacement check

November 14, 2014
FHA’s Short Refinance (“underwater”) Program extended until December 31, 2016​​​​

September 29, 2014
Consumer Financial Protection Bureau Consent Order with Flagstar Bank for servicing violations​​

July 3, 2014
SunTrust Mortgage Inc., agreed to pay $320 million to settle an investigation from SIGTARP

June 26, 2014
US Treasury announces extension of the Making Home Affordable Program until December 31, 2016

June 12, 2013
New Refinancing Program for underwater borrowers living in Multnomah County

June 6, 2013
Oregon Supreme Court on MERS cases

April 29, 2013
Payments to affected borrowers whose loans were serviced by Goldman Sachs and Morgan Stanley are scheduled to be sent on May 3

April 9, 2013
Federal Reserve announces payments to affected borrowers facing foreclosure under the agreement will begin on April 12, 2013

February 28, 2013
The Office of the Comptroller of the Currency and the Federal Reserve Board announce amendments to actions requiring 13 servicers to pay 9.3 billion in payments and assistance to borrowers

February 13, 2013
Fannie Mae releases new maximum allowable days to foreclose
February 11, 2013
The Consumer Financial Protection Bureau issues a guidance to mortgage loan services about transfer of servicing rights
January 17, 2013
CFPB issued the Mortgage Servicing Final Rules

Jan. 16, 2013
Federal Reserve Board and Goldman Sachs reached an agreement in principle to assist eligible mortgage borrowers

Jan. 7, 2013
Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance

Aug. 2, 2012
Deadline to Request Independent Forclosure Review Extended to December 31

July 27, 2012
Mortgage Relief Options for Service Members who have loans owned by Freddie Mac

June 21, 2012
Deadline extended to Sept. 30, 2012, to request a free independent foreclosure review

April 25, 2012
Fannie Mae's amended Policies for Preforeclosure Sale Process, Delinquency Management, Default Prevention

April 25, 2012
Fannie Mae's changes to Servicer Response Times and the Preforeclosure Sale Process
April 23, 2012
Freddie Mac updates on programs funded by Treasury applicable to the Hardest Hit Fund assistance programs
Mar. 12, 2012
$25 Billion Mortgage Servicing Agreement Filed in Federal Court
Feb. 28, 2012
Federal Reserve Board releases action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing
Jan. 6, 2012
Freddie Mac’s Unemployed forbearance
January 4, 2012
OCC Releases Public Service Ads About the Independent Foreclosure Review

Nov. 1, 2011
Borrowers from 14 mortgage servicers can request an independent review and potentially receive compensation
Oct. 27, 2011
Freddie Mac Standard Modification helps at-risk borrowers

April 13, 2011
Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing and foreclosure processing
Feb. 10, 2011
FTC's mortgage assistance relief services advance fee ban takes effect

Dec. 6, 2010
Oregon kicks off first foreclosure prevention program
Oct. 25, 2010
FTC advises consumers: Notices from mortgage servicers always demand homeowner attention
Oct. 13, 2010
Oregon Attorney General announces multi-state mortgage foreclosure investigation
Oct. 6, 2010
Oregon Attorney General ousts California lawyer for illegal loan modification activity
Aug. 6, 2010
Mortgage relief marketer will return $2.4 million to consumers to settle FTC charges

July 26, 2010
Deceptive marketers banned from selling mortgage relief services
June 1, 2010
Oregon Housing Agency submits $88 million funding proposal to U.S. Treasury
May 3, 2010
Fannie Mae updating policies for underwriting borrowers with a prior Preforeclosure sale or deed-in-lieu of foreclosure
March 3, 2010
Bend event to help homeowners prevent foreclosures 
Jan. 22, 2010
Borrowers facing imminent default on FHA loans
Oct. 13, 2009
Medford event to help homeowners prevent foreclosure
Sept. 28, 2009
Oregon homeowners facing foreclosure have new rights 
Sept. 25, 2009
Mortgage broker indicted for fraud
Sept. 9, 2009
Attorney General wins federal grant to fight mortgage fraud 
Aug, 26, 2009
Attorney General cracks down on loan modification scammers 
Aug. 20, 2009
Delinquencies continue to climb, foreclosures flat in latest MBA National Delinquency Survey 
July 30, 2009
Governor Kulongoski signs bill to help Oregonians facing financial hardship

March 4, 2009
Homeowners should be wary of loan modification offers 
Jan. 29, 2009
Attorney General announced major settlement with Countrywide Mortgage 

Making Home Affordable Program news
Mar. 9, 2012
Making Home Affordable Program Extension and Expansion

May 18, 2011
Making Home Affordable Program – Single point of contact for borrower assistance
Jan. 19, 2011
Making Home Affordable Program guidance to Fannie Mae single-family servicers
Feb. 4, 2010
Fannie Mae's Home Affordable Modification Program update and resolution of active trial modifications
Feb. 4, 2010
FreddieMac's Home Affordable Modification Program update