The amendment would roll back a set of emergency regulations issued by Attorney General John Kroger last month. The rules brought mortgage servicers under the purview of the Oregon Unlawful Trade Practices Act, which gives homeowners another weapon in court and the right to recover attorneys’ fees if they win.
House proposal would weaken Senate foreclosure protection bills, validate MERS
A foreclosure protection measure that passed with broad support in the Oregon Senate last week could be watered down by an amendment floated late Monday in the House.
The amendment would make mediation voluntary, and it would ease some legal hurdles for foreclosing. It would allocate money for the mediation services, as well as counseling and other assistance for homeowners.