Mortgage
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 […]
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.
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 […]
Smith Keeps Pressure on for Mortgage Help
February 28, 2008 Posted by Oregon Real Estate
Smith-Kerry provision will help keep low-income families in their homes
February 28th, 2008 - Washington, D.C - Oregon Senator Gordon Smith today continued his efforts to keep Oregon families in their homes and ease the skyrocketing rate of foreclosure across the country. Senator Smith urged the Senate Finance Committee to take a serious look at his […]
Smith Offers Strategies to Protect Seniors from Mortgage Scams
February 18, 2008 Posted by Oregon Real Estate
February 13th, 2008 - Washington, D.C. - To prevent the rise of foreclosure marketing scams aimed at America’s seniors, Senator Gordon H. Smith (R-OR) examined fraudulent activity following the subprime mortgage crisis in the Senate Special Committee on Aging today. The hearing, “Foreclosure Aftermath: Preying on Senior Homeowners,” focused on strategies to help homeowners avoid […]
Smith Bill Makes Homeownership a Reality for American Families
December 22, 2007 Posted by Oregon Real Estate
Washington, D.C. - December 20th, 2007 - A new law authored by Oregon Senator Gordon Smith will allow homeownership to be more affordable for 187,000 Oregon families. The Mortgage Insurance Fairness Act guarantees mortgage insurance will remains tax-deductible for the vast majority of American homeowners through 2010. The President signed the bill into law today.
Portland Resident Pleads Guilty to Wire Fraud and Money Laundering in Connection with Real Estate Transactions
November 15, 2007 Posted by Oregon Real Estate
Portland, OR, November 14, 2007- Ryan Bonneau, 31, of Portland, pleaded guilty today before United States District Court Judge Michael W. Mosman to wire fraud and money laundering charges in connection with two residential real estate financing transactions. Bonneau was charged along with two others by a federal grand jury in Portland in September, […]
Oregon CUs offer help on mortgage tumult
November 10, 2007 Posted by Oregon Real Estate
BEAVERTON, Ore., November 8, 2007 — Two Oregon credit unions, O.U.R. CU of Eugene and SOFCU Community CU of Grants Pass, shared some experiences helping their members find new options for mortgages recently with the Credit Union Association of Oregon.
Governor Calls for Assistance for Consumers Who Face Foreclosure
October 5, 2007 Posted by Oregon Real Estate
Salem, September 14, 2007 - Governor Kulongoski today announced several initiatives to help Oregonians who may be facing mortgage foreclosure due to the recent tightening in the subprime lending market.