Merkley, Wyden Praise $13.5 Million Grant to Restore Coos Bay Rail Line and Create Jobs in Southwest Oregon
Portland, OR – Oregon Senators Jeff Merkley and Ron Wyden issued the following statements Friday following the announcement that the U.S. Department of Transportation has awarded the Port of Coos Bay with a $13.5 million grant to fully repair the Coos Bay rail line. “Today we’re celebrating a huge win
Senators seek to halt foreclosures
A group of Democratic senators are calling for JPMorgan Chase and Ally Financial to halt their foreclosure operations just hours after Bank of America, the country’s largest bank holding company, announced it would freeze its foreclosures in all 50 states indefinitely. Bank of America’s decision Friday came on the heels
Merkley, Wyden Call on JP Morgan Chase and Ally Financial to Halt Foreclosures in All States
Washington, D.C. – Following news that Bank of America will be halting foreclosures in all 50 states until further investigation into foreclosure practices takes place, Oregon Senators Jeff Merkley and Ron Wyden sent a letter to JP Morgan Chase and Ally Financial calling for a similar moratorium on foreclosure proceedings
Merkley Calls for Independent Investigation of Foreclosure Practices
Washington, D.C. – Following the news that Ally Financial improperly handled foreclosure documents and decisions by several of the largest mortgage servicers to freeze foreclosures, Oregon’s Senator Jeff Merkley sent a letter to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban Development Shaun Donovan urging them
Merkley calls for investigation against Ally Financial
It was only time before the handling of foreclosures by loan providers made it to the political arena. And it looks like U.S Sen. Jeff Merkley, D-Ore., will be leading the push. Merkley sent a letter today to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban
US Lawmaker Asks Administration To Investigate Mortgage Lenders
WASHINGTON (Dow Jones)–Sen. Jeff Merkley (D., Ore.) on Monday urged the Obama administration to start an independent investigation of Ally Financial and other servicers of home mortgages after the discovery that many foreclosure documents had not been properly reviewed. “I urge you to jointly appoint an independent investigator to examine
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