SB 519 | Oregon Financial Industry Lobby, Proposed "MERS" Amendment, Past and Future Foreclosure Sales with Improperly Recorded Deeds

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SB 519 | Oregon Financial Industry Lobby, Proposed “MERS” Amendment, Past and Future Foreclosure Sales with Improperly Recorded Deeds

SB 519 | Oregon Financial Industry Lobby, Proposed “MERS” Amendment, Past and Future Foreclosure Sales with Improperly Recorded Deeds

Poll: Should Oregon lawmakers give foreclosures, MERS a do-over?

OregonLive-

A federal judge this week issued a stern rebuke to big banks and the Mortgage Electronic Registration System in its handling of foreclosures and what he called a violation of a long-standing Oregon recording law.

Now, the financial industry lobby wants the Oregon Legislature to amend an affordable housing bill to retroactively waive those reporting requirements.

[ipaper docId=56562854 access_key=key-1i78dfa8ydriwym94290 height=600 width=600 /]

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