Governor Kulongoski asked the Department of Consumer and Business Services
to form the Mortgage Lending Work Group to develop both short-term and long-term
solutions to concerns about the mortgage lending industry in Oregon. Concerns
include the rising number of foreclosures and the large number of subprime
borrowers with adjustable rate mortgages who may not be able to refinance
because banks have tightened their lending practices.
The Governor has asked that the group's work be guided by the following principles:
- Oregonians facing foreclosure should be armed with the facts.
- No Oregonian should be tricked into a refinance loan that does more harm
than good.
- No Oregonian should be victimized by fraudulent or unfair "mortgage
rescue" schemes.
- Mortgage loans should be designed for success, not failure.
The work group meetings are open to the public. To be notified of meetings
via e-mail or to receive more information, contact Kristen Miller at Kristen.I.Miller@state.or.us
or 503-947-7866.
News release
Governor
calls for assistance for consumers who face foreclosure (pdf)
Note: These meetings will be held in Conference Room 260 of the Labor &
Industries Building, 350 Winter Street NE, Salem, Oregon
Thursday, May 8, 2008, 10 a.m. to 12 p.m. agenda
Thursday, May 29, 2008, 1:30- 3:30 p.m. agenda
Monday, June 23, 2008, 10 a.m. to 12 p.m. agenda
Monday, July 14, 2008, 1:30-3:30 p.m. canceled
Friday, August 8, 2008, 1:30-3:30 p.m.
Wednesday, August 27, 2008, 1:30-3:30 p.m.
| Minutes, meeting summaries, and meeting notes |
April 3, 2008, meeting
summary
May 8, 2008, meeting summary
May 29, 2008, meeting summary
NEW
Comparison of old Good Faith Estimate
to new Good Faith Estimate
Good Faith Estimate from HUD
Good Faith and Fair Dealing
in Mortgage Lending Transactions - discussion draft - June 20, 2008 NEW
Issue Clusters - May 29, 2008
Mortgage Lending Workgroup Principles
& Issues - April 3, 2008
Reasonable Tangible Benefit Form - May
8, 2008
Reasonable Tangible Benefit
in Mortgage Loan Refinancing - discussion draft - June 19, 2008 NEW
Washington
Draft Form (statute) - May 22, 2008
