07-18-2019  4:34 am   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

Portland Grocery Launches an Innovative Solution for Dog-Owning Customers

Customers can use the app-connected houses as a safer and smarter solution when shopping with their dogs, rather than leaving them in the car or tied up on the street.

Oregon State Workers Could Get up to 15% Raises

Public employee unions representing Oregon state workers have negotiated new contracts that would provide pay increases of up to 15% over the next two-year budget period.

Oregon Fossil of Bone-Crushing Mammal a First in the US Northwest

A fossil jaw bone misidentified for 50 years turns out to belong to a bone-crushing mammal and is the first to be found in the Northwest, scientists said.

Tobacco in Oregon: Cheap, Sweet, Plentiful and Sold at Kids’ Eye Level

New report shines light on tobacco industry marketing across Oregon

NEWS BRIEFS

Alberta Commons Hosts Public Grand Opening Celebration July 20

Dream Street Community Market event will feature food, drinks, art and music ...

Living Room Realty Announces Scholarship Opportunity

The scholarship will help facilitate a path toward a real estate career for underrepresented communities ...

U.S. Bank Invests $1 Million with the National Museum of African American History and Culture

“Through this support of the National Museum, we hope these historical stories and rich cultural experiences will continue to...

Police Evacuate City Hall, Close Terry Schrunk Plaza

City Hall closed due to suspicious package ...

Oregon Settles with Health Insurer Premera Over Data Breach

Oregon to receive jumi.3 million from settlement ...

Oregon's unemployment rate at, near record low for years

EUGENE, Ore. (AP) — Oregon's unemployment rate has been at or near a record low percentage for about three years.The Register-Guard reported Tuesday that the Oregon Employment Department released its latest figures Tuesday.The monthly report reveals the state's unemployment rate for June has...

Judge limits Hammond Ranches cattle grazing as case proceeds

PORTLAND, Ore. (AP) — A federal judge will allow eastern Oregon ranchers who were convicted of intentionally setting fires on public land to graze cattle on parts of a federal allotment this season on a limited basis.U.S. District Judge Michael H. Simon issued a 58-page written ruling...

Missouri DE Williams pleads to misdemeanor, put on probation

COLUMBIA, Mo. (AP) — Missouri defensive end Tre Williams pleaded guilty to a misdemeanor and was sentenced to two years of unsupervised probation after prosecutors dropped a felony domestic assault charge.The Columbia Daily Tribune reports Williams pleaded guilty to peace disturbance and was...

Florida's Mullen hoping for sizable leap in 2nd season

HOOVER, Ala. (AP) — Dan Mullen made a big leap in his second season at Mississippi State, but his Florida team doesn't have quite so much room to grow.Unless, of course, the Gators can jump to national contender status. That's what another four-win improvement would mean.The Bulldogs won...

OPINION

Hearing on H.R. 40 Puts Reparations Debate in National Spotlight

“These are the vestiges of enslavement that people don't want to deal with,” said Dr. Julianne Malveaux, the former President of Bennett College. ...

Perfecting the Cat Nap: Lessons on Sleep From a Cat

Watching Soleil's languorous lifestyle has inspired me to establish better sleeping habits which have led to increased happiness and productivity. ...

Happy Independence Day!

The Skanner would like to wish all of our readers a relaxing and safe 4th of July. Wondering about the history and science of fireworks? ...

Plastics Are Strangling the Planet

You have probably heard about islands of plastic (and other garbage) inhabiting our oceans. The impact of this is the dying off of entire segments of oceans. In addition, many countries in the global North, including but not limited to the USA, look at the...

AFRICAN AMERICANS IN THE NEWS

Trump slams 4 congresswomen; crowd chants, 'Send her back!'

GREENVILLE, N.C. (AP) — Going after four Democratic congresswomen one by one, a combative President Donald Trump turned his campaign rally into an extended dissection of the liberal views of the women of color, deriding them for what he painted as extreme positions and suggesting they just...

UN envoy says US sanctions on Myanmar generals inadequate

KUALA LUMPUR, Malaysia (AP) — The U.N. special rapporteur for Myanmar said Thursday the U.S. didn't "go far enough" in sanctions against four top Myanmar generals over the mass killings of minority Rohingya Muslims.Myanmar's commander in chief and his deputy, two other generals, and their...

Trump leans on issue of race in bid for a 2nd term in 2020

NEW YORK (AP) — President Donald Trump has placed racial animus at the center of his reelection campaign, and even some of his critics believe it could deliver him a second term.Every successful modern presidential campaign has been built on the notion of addition, winning over voters beyond...

ENTERTAINMENT

Stats show how AOC dominating social media attention

NEW YORK (AP) — Judging by the social media metrics, it was a big week for the campaign of U.S. Rep. Alexandria Ocasio-Cortez.Oh, wait.She's not running for president. But the Democratic representative from Queens dwarfed the Democrats who are actually seeking President Donald Trump's job in...

Janet, Chris Brown, 50 Cent to perform at Saudi concert

NEW YORK (AP) — Janet Jackson, Chris Brown, 50 Cent, Future and Tyga have been added to the lineup for the Jeddah World Fest, the concert in Saudi Arabia that Nicki Minaj pulled out of because of human rights concerns.The website for the event, to take place Thursday at the King Abdullah...

Fans descend on San Diego for the 50th Comic-Con

SAN DIEGO (AP) — Dust off your Captain Marvel cosplay, San Diego Comic-Con is here.The four-and-a-half day convention kicked off Wednesday with the show room floor opening to thousands vying for exclusive merchandise, from art to toys. Later, Warner Bros. is hosting a ScareDiego event...

U.S. & WORLD NEWS

Prosecutors drop groping case against Kevin Spacey

BOSTON (AP) — Prosecutors dropped a case Wednesday accusing Kevin Spacey of groping a young man at a resort...

House holds 2 Trump officials in contempt in census dispute

WASHINGTON (AP) — The Democratic-controlled House voted Wednesday to hold two top Trump administration...

Asylum seekers waiting in Nuevo Laredo fear lurking dangers

NUEVO LAREDO, Mexico (AP) — The round-faced woman from La Ceiba, Honduras, and her 5- and 12-year-old sons...

Manchester Arena bombing suspect denies 22 counts of murder

LONDON (AP) — The brother of the suicide bomber who killed almost two dozen people at an Ariana Grande...

7,800 police in Philippines punished for deadly drug raids

MANILA, Philippines (AP) — Thousands of Philippine police officers have received administrative punishments...

Confusion, fear spread on Mexico border with new US policy

NUEVO LAREDO, Mexico (AP) — Asylum-seekers gathered in Nuevo Laredo, across the border from Texas, grappled...

McMenamins
Derek Kravitz AP Real Estate Writer

WASHINGTON (AP) -- U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal.

Under the agreement, five major banks - Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial - will reduce loans for nearly 1 million households. They will also send checks of $2,000 to about 750,000 Americans who were improperly foreclosed upon. The banks will have three years to fulfill the terms of the deal.

All but one of the 50 states agreed to the deal. Oklahoma, the lone holdout, will receive no money.

The conditions will be overseen by Joseph A. Smith Jr., North Carolina's banking commissioner. Lenders that violate the deal could face $1 million penalties per violation and up to $5 million for repeat violators.

The settlement ends a painful chapter that emerged from the financial crisis, when home values sank and millions edged toward foreclosure. Many companies processed foreclosures without verifying documents. Some employees signed papers they hadn't read or used fake signatures to speed foreclosures - an action known as robo-signing.

Under the deal, 49 states said they won't pursue civil charges related to these types of abuses. Homeowners can still sue lenders in civil court on their own, and federal and state authorities can pursue criminal charges.

"There were many small wrongs that were done here," said U.S. Housing and Urban Development Secretary Shaun Donovan. "This does not resolve everything. We will be aggressive about going after claims elsewhere."

Bank of America will pay the most to borrowers as part of the deal - nearly $8.6 billion. Wells Fargo will pay about $4.3 billion, JPMorgan Chase will pay roughly $4.2 billion, Citigroup will pay about $1.8 billion and Ally Financial will pay $200 million. This does not include $5.5 billion in federal and state payments.

The deal also ends a separate investigation into Bank of America and Countrywide for inflating appraisals of loans from 2003 through most of 2009. Bank of America acquired Countrywide in 2008.

"The settlement includes far reaching relief that will help many of our customers and complement our already extensive efforts to improve our borrower assistance efforts and servicing processes," JPMorgan Chase said in a statement.

The banks and U.S. state attorneys general agreed to the deal late Wednesday after 16 months of contentious negotiations.

New York and California came on board late Wednesday. California has more than 2 million "underwater" borrowers, whose homes are worth less than their mortgages. New York has some 118,000 homeowners who are underwater.

In addition to the payments and mortgage reductions, the deal promises to reshape long-standing mortgage lending guidelines. It will make it easier for those at risk of foreclosure to make their payments and keep their homes.

Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement.

The settlement would apply only to privately held mortgages issued from 2008 through 2011. Banks own about half of all U.S. mortgages - roughly 30 million loans. Those owned by mortgage giants Fannie Mae and Freddie Mac are not covered by the deal.

Some critics say the proposed deal doesn't go far enough. They have argued for a thorough investigation of potentially illegal foreclosure practices before a settlement is hammered out.

Under the deal:

- Roughly $1.5 billion for direct payouts, in the form of $2,000 checks, for about 750,000 Americans who were unfairly or improperly foreclosed upon; another $3.5 billion will go directly to states.

- At least $10 billion for reducing mortgage amounts.

- Up to $7 billion for other state homeowner programs.

- At least $3 billion for refinancing loans for homeowners who are current on their mortgage payments but who are underwater.

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Associated Press Writers Michael Virtanen in Albany, N.Y. and Pallavi Gogoi in New York contributed to this report.

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