12-03-2022  3:10 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

Tough Oregon Gun Law Faces Legal Challenge, Could Be Delayed

Midterm voters narrowly passed one of the toughest gun control laws in the nation, but the new permit-to-purchase mandate and ban on high-capacity magazines faces a lawsuit that could put it on ice just days before it's set to take effect.

Portland Approves $27M for New Homeless Camps

Public opposition to the measure and the money that will fund it has been heated, with critics saying it will criminalize homelessness and fail to address its root causes.

Portland Settles Lawsuit Over Police Use of Tear Gas

The lawsuit was originally filed by Don't Shoot Portland in June 2020. “Our freedom of expression is the foundation of how we make social change possible,” Teressa Raiford said in a news release. “Black Lives Still Matter.”

Oregon Lawmakers Lift Security Measure Imposed on Senator

Since July 2019, Sen. Brian Boquist had been required to give 12 hours notice before coming to the Oregon State Capitol, to give the state police time to bolster their security and to ensure the safety of people in the Capitol.

NEWS BRIEFS

PBS Genealogy Show Seeks Viewers’ Brick Walls

The popular PBS show “Finding Your Roots” is putting out a nationwide casting call for a non-celebrity to be featured on season...

The James Museum Opens Black Pioneers: Legacy In The American West

This first-of-its-kind-exhibition explores Black history in the West with a timeline of pictorial quilts. ...

Use of Deadly Force Investigation Involving Clackamas County Sheriff and Oregon State Police Concludes

The grand jury’s role was solely to determine whether the involved officers’ conduct warranted criminal charges; questions...

Scientists call for action to help sunflower sea stars

ASTORIA, Ore. (AP) — Scientists along the West Coast are calling for action to help sunflower sea stars, among the largest sea stars in the world, recover from catastrophic population declines. Experts say a sea star wasting disease epidemic that began in 2013 has decimated about...

To address wealth gap, Wash. to consider K ‘baby bonds’

SEATTLE (AP) — Jennifer Bereskin dropped out of high school when she was 17. Her family was homeless, and she needed to get a job to buy food and afford bus fare. Couch surfing with friends in Everett, Lynnwood and Seattle, her dreams of college were put aside. “I was merely...

Missouri holds off Arkansas 29-27 to reach bowl eligibility

COLUMBIA, Mo. (AP) — Missouri and Arkansas will be headed to similar bowl games after the Tigers held off the Razorbacks 29-27 on Saturday night, leaving each of the bitter border rivals 6-6 on the season. Only one walked out of Faurot Field with victory cigars. Brady...

Rivalry week should bring SEC bowl forecast into clear focus

GAINESVILLE, Fla. (AP) — It’s rivalry week for most of the Southeastern Conference. The Egg Bowl. The Iron Bowl. The Palmetto Bowl. The Sunshine Showdown. Clean, Old-Fashioned Hate. The Battle Line Rivalry. It’s a chance for everyone to either avoid or add to the powerhouse...

OPINION

‘I Unreservedly Apologize’

The Oregonian commissioned a study of its history of racism, and published the report on Oct. 24, 2022. The Skanner is pleased to republish the apology written by the editor, Therese Bottomly. We hope other institutions will follow this example of looking...

City Officials Should Take Listening Lessons

Sisters of the Road share personal reflections of their staff after a town hall meeting at which people with lived experience of homelessness spoke ...

When Student Loan Repayments Resume, Will Problems Return Too?

HBCU borrowers question little loan forgiveness, delays to financial security ...

Tell the Supreme Court: We Still Need Affirmative Action

Opponents of affirmative action have been trying to destroy it for years. And now it looks like they just might get their chance. ...

AFRICAN AMERICANS IN THE NEWS

Antisemitic celebrities stoke fears of normalizing hate

A surge of anti-Jewish vitriol, spread by a world-famous rapper, an NBA star and other prominent people, is stoking fears that public figures are normalizing hate and ramping up the risk of violence in a country already experiencing a sharp increase in antisemitism. Leaders of the...

Both sides see high stakes in gay rights Supreme Court case

WASHINGTON (AP) — The Supreme Court is being warned about the potentially dire consequences of a case next week involving a Christian graphic artist who objects to designing wedding websites for same-sex couples. Rule for the designer and the justices will expose not only same-sex...

GOP's Duarte takes California Central Valley US House seat

LOS ANGELES (AP) — Republican John Duarte defeated Democrat Adam Gray on Friday in a new California U.S. House district in the Central Valley farm belt that produced the closest congressional contest in the state this year. With virtually all of the ballots counted, Duarte has just...

ENTERTAINMENT

Prince William, like his father, prioritizes the environment

BOSTON (AP) — Prince William capped a three-day visit to Boston by meeting with President Joe Biden to share his vision for safeguarding the environment before attending a gala event Friday evening where he sounded an optimistic tone about solving the world’s environmental problems through...

LGBTQ chorus in Colorado Springs unifies community with song

COLORADO SPRINGS, Colo. (AP) — Below the vaulted dome and dark wood beams of a church in Colorado Springs, a gay men's choir rehearsed for a concert that's taken on new meaning after an LGBTQ night club became the site of a shooting that killed five and wounded 17. “There is no...

Britney Spears' massive pop songs to land on Broadway, again

NEW YORK (AP) — A stage musical about woke princesses that uses hit songs by Britney Spears will land on Broadway this summer. "Once Upon a One More Time," featuring Spears' tunes, including “Oops!… I Did It Again,” “Lucky,” “Stronger” and “Toxic,” will start...

U.S. & WORLD NEWS

Polynesian pride: Three-day canoe voyage in mid-Pacific

RAPA NUI, Chile (AP) — The causes are worthy, the course is daunting – almost 500 kilometers (about 300 miles)...

Defeated election conspiracists seek to lead Michigan GOP

LANSING, Mich. (AP) — The Republicans who lost their races for Michigan's top three statewide offices after...

Messi scores again, Argentina into World Cup quarterfinals

AL RAYYAN, Qatar (AP) — Lionel Messi was pushed into the middle of a joyous post-match huddle as Argentina’s...

AP PHOTOS: Residents face new reality in retaken Kherson

KHERSON, Ukraine (AP) — When Ukraine wrested back Kherson from Russian occupiers nearly a month ago, it was a...

Russia rejects -a-barrel cap on its oil, warns of cutoffs

KYIV, Ukraine (AP) — Russian authorities rejected a price cap on the country's oil set by Ukraine’s Western...

Thousands protest in South Korea in support of truckers

SEOUL, South Korea (AP) — Thousands of demonstrators representing organized labor marched in South Korea’s...

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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