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State denies license, orders mortgage broker to cease and desist
October 20, 2008 Posted by Oregon Real Estate
Firm ordered to pay $70,000 in fines for violations of Oregon Mortgage Lender Law
Salem, OR - October 20, 2008 - (RealEstateRama) — In a continuing effort to increase enforcement in mortgage lending, the Oregon Department of Consumer and Business Services issued a cease-and-desist order and assessed $70,000 in fines against NLC of OR Inc., formerly […]
Real Estate Loan Officer Pleads Guilty to Mortgage Fraud Scheme
October 6, 2008 Posted by Oregon Real Estate
Portland , Ore. - October 2, 2008 - (RealEstateRama) — Marty Ray Folwick, 50, pled guilty today before United States District Court Judge Garr M. King to four counts of a 15-count federal indictment which was returned by a grand jury on June 12, 2008 . The guilty plea was entered as part of a […]
Blumenauer Votes Against Bailout Legislation
October 1, 2008 Posted by Oregon Real Estate
Washington, DC - October 1, 2008 - (RealEstateRama) — In a moment of historic import, Congressman Blumenauer has voted with the House of Representatives to reject a $700 billion bailout of the financial industry. Congressman Blumenauer has made clear that we must protect Main Street from the crisis on Wall Street, and is determined to […]
Housing Authority of Portland Completes Its Second HOPE VI Redevelopment
September 14, 2008 Posted by Oregon Real Estate
PORTLAND, Ore. - September 14, 2008 - (RealEstateRama) — The Housing Authority of Portland (HAP) marked the completion of its Humboldt Gardens redevelopment with residents and its project partners at a celebration earlier this month. Following New Columbia, Humboldt Gardens is HAP’s second redevelopment anchored by a federal HOPE VI grant. The agency was awarded $16.9 million […]
State takes enforcement action against four mortgage brokers
August 19, 2008 Posted by Oregon Real Estate
Cases involve unethical behavior, falsified loan documents, training requirements
Salem, OR - August 19, 2008 - (RealEstateRama) — In its continuing effort to strengthen enforcement in the mortgage lending industry, the Oregon Department of Consumer and Business Services issued cease-and-desist orders and fines against four mortgage companies for violating Oregon’s mortgage lending laws.
OREGON’S LARGEST HOME BUILDER ANNOUNCES GROUND BREAKING OF SW PORTLAND’S STERLING CREEK
June 2, 2008 Posted by Oregon Real Estate
LAKE OSWEGO, Ore. - Buena Vista Custom Homes has announced the ground breaking of its newest neighborhood, Sterling Creek, located in Southwest Portland.
The forested site will feature six-craftsman style homes on large lots that look onto a wooded green space and Sterling Creek. Home buyers can pick from floor plans that range from 2,206 to […]
NorthWest Crossing Cottage Becomes Part of Housing Works Program
April 23, 2008 Posted by Oregon Real Estate
Bend, Oregon - April 7, 2008 - NorthWest Crossing, an award-winning Central Oregon neighborhood, today announced that Housing Works has purchased a cottage for its housing program in Bend. The construction of the home was made possible through a partnership of several local companies. West Bend Property Company, the developer of NorthWest Crossing, donated the […]
Realtor and Loan Broker Admit Participating in Scheme As Part of Pretrial Diversion Agreements
April 9, 2008 Posted by Oregon Real Estate
Portland, Ore. – 04/08/2008 - After considering over three hours of testimony and legal arguments, Judge Michael Mosman today sentenced Ryan Bonneau, 31, of Portland, to 30 months in prison for his role in a mortgage fraud scheme involving two residential real estate transactions in 2004. He will serve a period of five years supervised […]
Property Taxes: Interest Example
March 17, 2008 Posted by Oregon Real Estate
The 6 percent interest is simple, meaning that the interest computes yearly against the deferred tax amounts. Deferral accounts do not accrue compound interest, which means interest is computed on previous interest in addition to the deferred tax amounts.
Oregon receives grant money for foreclosure counseling and assistance
March 17, 2008 Posted by Oregon Real Estate
Salem, OR - March 17, 2008 - In response to Governor Kulongoski’s call to connect Oregonians with pre-foreclosure counseling, the Department of Consumer and Business Services (DCBS), Oregon Housing and Community Services (OHCS), and the Oregon Law Center announced today that Oregon has received more than $500,000 in grant money to provide counseling and legal […]