Archives

Portland, OR - April 20, 2009 - (RealEstateRama) — The Portland office of the Federal Bureau of Investigation (FBI) and the U.S. Attorney’s Office today announced expanded efforts to identify and prosecute mortgage fraud. As part of a multi-agency approach, special internet and phone tip lines have been established to handle reports of mortgage fraud. Investigations will be handled by the Oregon Mortgage Fraud Working Group, which has been operating since 2007, and continues to tackle mortgage fraud on multiple fronts.

Salem, OR - March 4, 2009 - (RealEstateRama) — Oregonians facing foreclosure should beware of offers to modify their mortgage loan or find a loan modification for a fee, the Oregon Department of Consumer and Business Services and Department of Justice warned today.

Salem, OR - February 26, 2009 - (RealEstateRama) — In an ongoing effort to increase enforcement of mortgage lending laws, the Oregon Department of Consumer and Business Services levied fines against a mortgage broker and one of its employees for unethical and fraudulent behavior.

Portland, Ore. - February 20, 2009 - (RealEstateRama) — U.S. Attorney for the District of Oregon, Karin J. Immergut, announced a federal indictment was filed in U.S. District Court for the District of Oregon charging Kamau Herndon, 37, of Portland, with six counts of wire fraud, one count of mail fraud, three counts of money laundering, and one count of aggravated identity theft in connection with a mortgage fraud scheme.

Former managers ordered to pay fines and a mortgage company receives conditional license Salem, OR - December 29, 2008 - (RealEstateRama) – In an ongoing effort to strengthen its...

Firm ordered to pay $70,000 in fines for violations of Oregon Mortgage Lender Law Salem, OR - October 20, 2008 - (RealEstateRama) — In a...

Portland , Ore. - October 2, 2008 - (RealEstateRama) — Marty Ray Folwick, 50, pled guilty today before United States District Court Judge Garr...

Cases involve unethical behavior, falsified loan documents, training requirements Salem, OR - August 19, 2008 - (RealEstateRama) — In its continuing effort to strengthen enforcement in...

Portland, Ore. – 04/08/2008 - After considering over three hours of testimony and legal arguments, Judge Michael Mosman today sentenced Ryan Bonneau, 31, of...

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...

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)...

Washington, D.C. - December 20th, 2007 - A new law authored by Oregon Senator Gordon Smith will allow homeownership to be more affordable for...

Portland, OR, November 14, 2007- Ryan Bonneau, 31, of Portland, pleaded guilty today before United States District Court Judge Michael W. Mosman to...

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

Salem, September 14, 2007 - Governor Kulongoski today announced several initiatives to help Oregonians who may be facing mortgage foreclosure due to the recent tightening...