Voices from the Edge on 06/09/11
Weathering Oregon's foreclosure tsunami
For most Americans, April brought a decline in new foreclosure actions. But Oregon earned a dubious distinction of seeing its rate skyrocket 236 percent from possibly as many as 3,700 new filings. Some state lawmakers are responding to this growing crisis with proposed new oversight of the changing mortgage market. They are also seeking to extend current law prohibiting a lender from foreclosing until the homeowner has had the opportunity to request and receive a loan modification meeting and review.
This week, Jo Ann and Dave speak with Angela Martin, executive director of Economic Fairness Oregon about the foreclosure surge and the challenges facing passage of legislative remedies for Oregon homeowners.
Producers: Dave Mazza and Jo Ann Bowman
Program Engineer: Steve Nassar
Audio Editor: Alicia Olson
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