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Tax credit for the severely disabled or disabled children reinstated
The 2014 Legislature passed SB 1534 allowing all taxpayers, regardless of income, to claim the severely disabled or disabled child exemption credit
Merkley Introduces Bills to Help Middle Class Families with New Home Refinancing Options
Today, Oregon’s Senator Jeff Merkley introduced the Rebuilding American Homeownership Act to help middle class families by providing new refinancing options for homeowners. The bill would allow underwater homeowners who currently have no option to refinance to lock into a lower interest rate and reduce their monthly payments, putting more cash back in their pockets and increasing their chances of staying in their homes
Recertification process underway for property tax deferral programs
SALEM - January 30, 2013 - (RealEstateRama) -- The Oregon Department of Revenue has started its annual review of participant eligibility for the state’s Senior and Disabled Citizens Property Tax Deferral Program.
Mortgage Broker Pleads Guilty to Bank Fraud Related to Residential Loan Applications
PORTLAND, OR - February 9, 2010 - (RealEstateRama) -- Joel D. Surprenant, 43, of West Linn, Oregon, pled guilty today to the crime of bank fraud. Surprenant is scheduled to appear again before U.S. District Judge Robert E. Jones on May 12, 2010, for sentencing on these charges.
State housing projects get funding boost
Salem, OR - December 15, 2009 - (RealEstateRama) -- The State Housing Council approved additional funding to housing developers throughout the state, boosting the number of affordable housing units statewide.
House Unanimously Passes Blumenauer Provision, Extends Homebuyer Credit to Americans Serving Abroad
Washington, DC - October 8, 2009 - (RealEstateRama) -- The House today passed the Service Members Home Ownership Tax Act of 2009, H.R. 3590, which includes a Blumenauer provision that allows members of the armed services, Foreign Service, and intelligence community to take full advantage of the 2009 First Time Homebuyer Tax Credit.
Recovery Act awards address low-income housing tax credit financing gaps
Salem, OR - September 2, 2009 - (RealEstateRama) -- Governor Ted Kulongoski announced awards totaling close to $19 million in American Recovery and Reinvestment Act (Recovery Act) funds that will aid the completion of seven low-income housing projects.
Tax credits available for farmworker housing
Salem, OR - July 8, 2009 - (RealEstateRama) – Oregon Housing and Community Services (OHCS) today announced a continuing funding opportunity for farmworker housing.
Oregon’s $27.3 million Tax Credit Assistance Plan approved
Salem, OR - June 30, 2009 - (RealEstateRama) – The U.S. Department of Housing and Urban Development (HUD) today approved Oregon’s Tax Credit Assistance Program (TCAP) application, awarding $27.3 million in federal funds to strengthen affordable housing projects throughout the state.
Technical Advisory – Fall 2009 CFC: Preservation
Salem, OR - May 6, 2009 - (RealEstateRama) — The long-awaited federal guidance this week for implementing key elements of the stimulus bill creates the opportunity for Oregon Housing and Community Services to move forcefully ahead with a large spring round of its Consolidated Funding Cycle, now underway.
State bans Portland-area mortgage loan originator
Salem, OR - April 24, 2009 - (RealEstateRama) — In an ongoing effort to better protect Oregon mortgage borrowers from fraud, the Department of Consumer and Business Services issued a cease-and-desist order permanently barring Larry Jason Somera of West Linn from the mortgage lending industry after he pleaded guilty in Multnomah County Court to one count of forgery.
Homeowners Should Be Wary of Loan Modification Offers
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.
State issues fines, orders in mortgage fraud case
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.
Eleven Count Federal Indictment Charges Former Portland Loan Officer with Mortgage Fraud
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.
