02-28-2020  10:47 am   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

PHOTOS: Elizabeth Warren Rallies in Seattle

Washington state’s primary is Tuesday, March 10; voters should have received their ballots by Thursday, Feb. 27

Support for Black Reparations Grows in Congress

The Commission to Study and Develop Reparations Proposals for African-Americans Act now has 125 cosponsors

Shifting Demographics Drive GOP Nosedive on US West Coast

Political districts have flipped in population centers, from San Diego in the south to Seattle in the north

'A World of Hurt': 39 States to Investigate JUUL's Marketing

Oregon is one of five states leading a bipartisan coalition looking into JUUL’s targeting of youth vaping

NEWS BRIEFS

Washington’s March 10 Presidential Primary Ballots Mailed to Voters

Voters required to make party declaration for this election only ...

State and Federal Agencies Aid Sunken Tugboat in Columbia River

Divers plugged fuel vents this afternoon and the vessel is not actively leaking ...

Multnomah County Promotes Voter Education Project

Multnomah County is partnering with National Association of Secretary of States (NASS) to promote #TRUSTEDINFO2020 ...

New Travel Ban Takes Effect, National Groups Respond

The expansion of the Muslim ban targets more Black immigrants ...

Harris, Booker Applaud House For Announcing Vote on Anti-Lynching Legislation

After passing the House, the bill will head to the president’s desk to be signed into law ...

Feds reject removal of 4 Snake River dams in key report

PORTLAND, Ore. (AP) — A long-awaited federal report out Friday rejected the idea of removing four hydroelectric dams on a major Pacific Northwest river in a last-ditch effort to save more than a dozen species of threatened or endangered salmon, saying such a dramatic approach would...

High school closed a second day over new virus concerns

A suburban Seattle high school was closed for a second consecutive day on Friday after a staffer's family member was placed in quarantine over concerns about new virus that started in China.Northshore School District Superintendent Michelle Reid said in a letter to parents that Bothell High School...

Former AD, All-American center Dick Tamburo dies at 90

EAST LANSING, Mich. (AP) — Dick Tamburo, an athletic director at three major schools and an All-American center at Michigan State, has died. He was 90.Michigan State announced that Tamburo died Monday.A native of New Kensington, Pennsylvania, Tamburo served as the athletic director at Texas...

OPINION

Black America is Facing a Housing Crisis

As the cost of housing soars the homeless population jumps 12 percent, the number of people renting grows and homeownership falls ...

Trump Expands Muslim Ban to Target Africans

Under the new ban on countries, four out of five people who will be excluded are Africans ...

Martin Luther King Day is an Opportunity for Service

Find out where you can volunteer and make a difference to the community ...

Looking to 2020 — Put Your Vote to WORK!

Ronald Reagan, who turned his back on organized labor and started America’s middle-class into a tailspin, has recently been voted by this administration’s NLRB into the Labor Hall of Fame ...

AFRICAN AMERICANS IN THE NEWS

House approves bill to ban the sale of flavored e-cigarettes

WASHINGTON (AP) — Moving to stem a vaping epidemic among young people, the House has approved a bill to ban the sale of flavored e-cigarettes and other flavored tobacco products.The bill would place new restrictions on the marketing of e-cigarettes and ban flavors in tobacco products,...

Superintendent: Prop at Black History Month event was wrong

Oklahoma City's school superintendent has apologized after a cardboard photo frame emblazoned with watermelons was used at a high school's Black History Month event celebrating soul food.The oversized frame that attendees could hold while posing for photos was used during the Feb. 20 soul food...

Balmain celebrates diversity and twists classicism in Paris

PARIS (AP) — Usher unleashed a photographer's battle at Balmain on Friday, as he appeared at Paris Fashion Week alongside towering model Cindy Bruna. The designer, Olivier Rousteing said of the typically glamazon-filled fashion collection, that it was a celebration of his personal journey....

ENTERTAINMENT

Nazi cautionary dramas wade into political, factual disputes

LOS ANGELES (AP) — Hollywood mustered its creative forces in the 1940s when Adolf Hitler's Nazi Germany sought to conquer the world, with Humphrey Bogart standing up to the fascist regime in “Casablanca” and director Ernst Lubitsch mocking it and its dictator in “To Be...

Balmain celebrates diversity and twists classicism in Paris

PARIS (AP) — Usher unleashed a photographer's battle at Balmain on Friday, as he appeared at Paris Fashion Week alongside towering model Cindy Bruna. The designer, Olivier Rousteing said of the typically glamazon-filled fashion collection, that it was a celebration of his personal journey....

Weinstein juror: #MeToo movement was not a factor in trial

NEW YORK (AP) — The jury that convicted Harvey Weinstein of rape and sex assault did not consider the trial's implications for the #MeToo movement, one of the jurors said in an interview aired Friday.“No, zero, absolutely zero,” juror Drew Malbin said on “CBS This...

U.S. & WORLD NEWS

‘Into the Wild’ lures the unprepared to Alaska wilderness

ANCHORAGE, Alaska (AP) — For nearly a quarter-century, the old bus abandoned in Alaska’s punishing...

Feds reject removal of 4 Snake River dams in key report

PORTLAND, Ore. (AP) — A long-awaited federal report out Friday rejected the idea of removing four...

Sanders-linked group entered into racial discrimination NDA

WASHINGTON (AP) — A political advocacy group founded by Bernie Sanders entered into a nondisclosure...

Dominican Republic turns back cruise ship amid virus fears

SANTO DOMINGO, Dominican Republic (AP) — A cruise ship heading to the Dominican Republic to disembark...

What's happening: Virus fears hit Africa, markets, churches

PARIS (AP) — Amusement parks, sports events, religious gatherings, even school. More and more things in a...

Parents of 'terrified' Africans stranded in China want help

KAMPALA, Uganda (AP) — She wakes every day long before dawn to chat with her three stranded daughters on...

McMenamins
Janna Herron AP Real Estate Writer

NEW YORK (AP) -- The bleakest year in the foreclosure crisis has only just begun.

Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle with job losses and loans worth more than their home's value, industry analysts forecast.

"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc. The firm predicts 1.2 million homes will be repossessed this year by lenders.

The outlook comes after banks repossessed more than 1 million homes in 2010, RealtyTrac said Thursday. That marked the highest annual tally of properties lost to foreclosure on records dating back to 2005.

One in 45 U.S. households received a foreclosure filing last year, or a record high of 2.9 million homes. That's up 1.67 percent from 2009.

For December, 257,747 U.S. homes received at least one foreclosure-related notice. That was the lowest monthly total in 30 months. The number of notices fell 1.8 percent from November and 26.3 percent from December 2009, RealtyTrac said.

The pace slowed in the final two months of 2010 as banks reviewed their foreclosure processes after allegations surfaced in September that evictions were handled improperly. Under increased scrutiny by the government, lenders temporarily halted taking actions against borrowers severely behind on their payments.

However, most banks have since resumed their eviction processes, and the first quarter will likely show a rebound in foreclosure activity, Sharga said.

Foreclosures are expected to remain elevated through the year as homeowners contend with stubbornly high unemployment, tougher credit standards for refinancing and falling home values. Sharga said he expects prices to dip another 5 percent nationally before finally bottoming out. The decline will push more borrowers underwater on their mortgages. Already, about one in five homeowners with a mortgage owe more than their home is worth.

The pain likely will be the most acute in states that have already been hit hard. That includes former housing boom states Nevada, Arizona, Florida and California, along with states that are suffering most from the economic downturn, including Michigan and Illinois.

Nevada posted the highest foreclosure rate in 2010 for the fourth straight year, despite a 5 percent decline in activity from the year before. One in every 11 households received a foreclosure filing last year in the state. In December, foreclosure activity increased 18 percent from November with a 71 percent spike in bank repossessions.

Arizona and California also showed sharp December increases in the number of homes banks took back, at 52 percent and 47 percent, respectively. Arizona, along with Florida, finished the year at No. 2 and No. 3 for the highest foreclosure rates.

One in every 17 Arizona households got a foreclosure filing last year, while one in 18 received a notice in Florida.

California, Utah, Georgia, Michigan, Idaho, Illinois and Colorado rounded out the top ten states with the highest foreclosure rates.

More than half of the country's foreclosure activity came out of five states in 2010: California, Florida, Arizona, Illinois and Michigan. Together, these states recorded almost 1.5 million households receiving a filing, despite year-over-year decreases in California, Florida and Arizona.

RealtyTrac tracks notices for defaults, scheduled home auctions and home repossessions - warnings that can lead up to a home eventually being lost to foreclosure.

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