Results for Think Out Loud (Other Results)
“Despite the perception that older Americans are more housing secure than younger people, millions of older Americans are carrying more mortgage debt than ever before.”The report also showed the fastest rise of mortgage debt belonged to Americans 75 or older. The percentage increase of seriously delinquent loans among people 50 years or older also made headlines, increasing about 456 percent from 2007 to 2011.
Drive down any residential street these days and it is likely you'll see at least a For Sale sign or two. You might even catch sight of an ominous Foreclosure notice. For some people this signals the possibility of a great deal. For others it evokes fear, as the economy continues to suffer. Could your home be next? On July 30th, Governor Kulongoski signed a bill aiming to prevent unnecessary home foreclosures in Oregon. The legislation makes new requirements of lenders: they must make a “good faith effort” to consider modifying the borrower’s loan; and they must notify borrowers whose homes might be foreclosed upon that they have a right to meet with the lender. The legislation passed following a significant spike in home foreclosures across Oregon in the first half of 2009. Oregon now ranks eleventh in the nation for foreclosures. There have been 19,503 foreclosure-related actions in the last six months. Portland, Salem and Eugene all had at least double the number of foreclosures compared to the first half of 2008. It’s speculated that this rise in foreclosure activity might have more to do with unemployment than subprime mortgages.
Portland Mayor Charlie Hales discusses the city’s new approach to foreclosures on abandoned properties. And best-selling author Mary Roach joins us to talk about her latest book, “Grunt: The Curious Science of Humans At War.”
Portland Business Journal editor Rob Smith will be in studio for our regular business update. Here are some of the topics we'll be looking at:
Are you trying to decide who to vote for this November for Mayor of Portland? If so, here's your opportunity to hear both candidates, Charlie Hales and Jefferson Smith, answer the tough questions about the future of the city. From fluoride to foreclosures, development to diversity, we'll get the straight talk from both of them on the issues of most importance to Portlanders. The event will take place in the OPB Television studio. It will air live on OPB Radio and OPB Plus, with a rebroadcast on OPB TV later in the week. Follow along and participate in the discussion on our Live Blog:
The Oregon Legislature had a self-imposed goal to wrap up its first constitionally mandated short session by February 29, but it looks like that's not going to happen. (Technically, lawmakers have until March 6 to finish up.) The budget plan released last week has yet to be officially passed and legislators appear to be deadlocked over the governor's school policy bills, changes to the way foreclosures work, and a few other things. Oregonian capitol reporter Michelle Cole will join us once again to give us an update on what's going on in Salem as the legislature hurtles towards the finish line.
In the last show we did live from the state capitol, we talked to two political reporters about the progress toward adjournment. We got an update on where the budget stood with the co-chairs of the Ways and Means Committee. And, at the end of the hour, we discussed conflict-of-interest legislation. But throughout the hour a lot of people online (and some on the phones) wanted to know about possible foreclosure bills — and amendments to them. KXPX wrote:
What about foreclosure reform? In less than a month, the Oregonian has had three editorials about legislators needing to address it this session.Jane B said:
SBs 1552 (pre foreclosure mediation) and 1564 (ending the dual track) are SUPER IMPORTANT this session. Give homeowners a fighting chance to save their homes and get the economy back on track.Jane B also mentioned the new emergency rule put out by Attorney General John Kroger that would make mortgage lenders subject to Oregon consumer protection law. We didn't have a chance to talk about those bills last week — or the new emergency rule the Attorney General recently put out about mortgage lenders, so today, that's on the proverbial table. Have you lost your home to foreclosure? Are you trying to negotiate with your lender to make your house payment?
Home foreclosure filings are on the decline across much of the state. The most dramatic is in Linn and Jackson counties. They each saw declines of 56 percent. Does this mean that the Oregon housing market is on its way to recovery? Maybe not. In Portland the story is a little different: foreclosure rates increased by 36.8 percent. That's the highest level in three years. Meanwhile, low interest rates don't seem to be spurring home buying. Due in part to the continued high unemployment rate, many potential home buyers are apprehensive of large investments. Many of the people who are buying houses tend to be those that already have houses, as opposed to first time buyers which are indicative of an improving housing market. And many people who do want to get loans, aren't having success. Because of the current economic instability, lenders now have tougher requirements for who qualifies for a loan.
A committee of lawmakers in Salem heard a somewhat optimistic revenue forecast this week. The Legislative Emergency Board, which meets to do the state's business between sessions, is also close to voting on a plan to fund a program to help with the foreclosure problem and monitor mortgage fraud. Meanwhile, the official unemployment rate for the state is down. Harry Esteve covers politics for The Oregonian and joins us for an update.
Changes are afoot at the North Park Blocks in Portland. Two colleges — Pacific Northwest College of Art and Oregon College of Oriental Medicine — are resettling near Portland's Old Town neighborhood in the coming years. The colleges will bring over 1000 students, instructors, and staff members to the urban area currently dotted with many social services. Neighborhood advocates hope it will bring increased economic activity to an area that some see as blighted. In other business news, analysts are seeing an increase in small business loans, a good sign of a recovering economy (though real estate trends remain relatively dismal). Meanwhile, the battle over the economics of several potential coal terminals in the Northwest continues to rage, with each side lobbing arguments over the economic wisdom of going forward.
Results for OPB
Are you trying to decide who to vote for this November for Mayor of Portland? If so, here's your opportunity to hear both candidates, Charlie Hales and Jefferson Smith, answer the tough questions about the future of the city. From fluoride to foreclosures, development to diversity, we'll get the straight talk from both of them on the issues of most importance to Portlanders.
The 2012 candidates for Portland mayor, Charlie Hales and Jefferson Smith, were on OPB's Think Out Loud October 9 for a "candidate conversation.+ Candidates, Charlie Hales and Jefferson Smith, answered questions about the future of the city, from fluoride to foreclosures, development to diversity.
The Portland-Vancouver area has the second highest percentage of "zombie foreclosures" in the nation, according to a new report from the Internet housing firm RealtyTrac.
After a 20-hour sit-in at Multnomah County, a group seeking to change the way homes are foreclosed upon in Oregon says it has won a victory.
As lenders and homeowners ponder the worth of foreclosed properties, one advocacy group is encouraging homeowners not to let go of their homes without a fight.
Friday a group of protesters met in front of Portland City Hall. The demonstrators say they want banks and elected officials to take accountability for the foreclosure crisis.
A state program aimed at helping people avoid foreclosure is now open to residents of Oregon's three most populated counties. Applicants can get up to $20,000.
A crowd of activists is on site in support of a Portland woman fighting a home foreclosure.