Attorney General John Kroger Proposes Mortgage Settlement in Oregon

, Posted: Wed, June 13 2012 at 8:20 AM, Updated: Wed, June 13 2012 at 8:50 AM

Attorney General John Kroger is proposing to extend rules from a nation-wide mortgage settlement to Oregon.

The changes include tightening documentation standards, as well as new protections to borrowers facing foreclosure.

The settlement is between five of the largest mortgage banks:
 Bank of America, JPMorgan Chase, Wells Fargo, Citi-Bank and Ally Financial.

A public hearing on the proposal is scheduled for Thursday morning in Portland.

Leave a Comment:

Note: Comments with profanity are automatically filtered and hidden. Verbal attacks towards others via our comments section will not be tolerated.