07-17-2019  12:00 pm   •   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 ...

Earthquake recorded off Oregon coast

BANDON, Ore. (AP) — A magnitude 5.3-magnitude earthquake was recorded about 150 miles off the Oregon coast.The U.S. Geological Survey says the quake at 8 a.m. Wednesday was about 152 miles west-northwest of Bandon. It had a depth of more than 8.5 miles.Authorities say the temblor was likely...

Editorials from around Oregon

Selected editorials from Oregon newspapers:___Mail Tribune, July 14, on the state Legislature's failure to deliver fire aid:The 2019 legislative session will be remembered more for what it didn't accomplish than for what it did, thanks in large measure to the two walkouts staged by Senate...

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

Prosecutors seek prison terms for Virginia rally attackers

Hatred for Jews, blacks and feminists motivated three members of a white supremacist group to attack counterprotesters at a rally for far-right extremists in Virginia, federal prosecutors argue in seeking stricter sentences for the men this week.Justice Department prosecutors recommend prison...

Trump vs. Dems: 'Racist,' socialist' lines drawn for 2020

WASHINGTON (AP) — With tweets and a vote, President Donald Trump and House Democrats established the sharp and emotionally raw contours of the 2020 election campaigns.In the process, they have created a fraught political frame: "racists" vs. "socialists."Trump's aggressive condemnation of...

Eric Garner's mother speaks out on anniversary of his death

NEW YORK (AP) — Eric Garner's mother urged the New York City police commissioner to fire the officer accused of using a chokehold in the death of her son, as she marked the five-year anniversary of her loss Wednesday.Gwen Carr spoke the day after the U.S. Department of Justice announced that...

ENTERTAINMENT

Judge orders R. Kelly held in jail without bond in sex case

CHICAGO (AP) — A federal judge on Tuesday ordered R. Kelly held in jail without bond after a prosecutor warned that the singer accused of having sex with minors and trying to cover up the crimes would pose an extreme danger to young girls if set free."If he was attracted to middle school...

25 years later, 'The Lion King' roars again (with Beyoncé)

LOS ANGELES (AP) — It was just a few months ago that director Jon Favreau was sitting in a scoring session with composer Hans Zimmer for "The Lion King," his ambitious and technology-driven reimagining of the 1994 animated classic, and he and everyone else in the room were getting a little...

'The Chain' is a mid-life hit for novelist Adrian McKinty

NEW YORK (AP) — With his novel "The Chain" headed for publishing best-seller lists and summer packing lists, Adrian McKinty can now laugh as he remembers an old and "failed" novel."I was in Mexico City, trying to write about Trotsky, the assassination of Trotsky, and it wasn't going well,"...

U.S. & WORLD NEWS

John Paul Stevens emerged as Supreme Court's leading liberal

WASHINGTON (AP) — John Paul Stevens moved left as the Supreme Court shifted to the right during his nearly...

Federal data shows opioid shipments ballooned as crisis grew

CLEVELAND (AP) — Newly released federal data shows how drugmakers and distributors increased shipments of...

Top diplomat: Iran must build missiles for defense

TEHRAN, Iran (AP) — Iran's foreign minister said Wednesday that his country has no choice but to...

Gunmen in restaurant in northern Iraq kill Turkish diplomat

IRBIL, Iraq (AP) — Unknown gunmen opened fire inside a Turkish-owned restaurant in the northern Iraqi city...

Relatives of victims mark 5th anniversary of MH17 downing

VIJFHUIZEN, Netherlands (AP) — With songs, speeches and solemn silence, relatives and friends on Wednesday...

Top diplomat: Iran must build missiles for defense

TEHRAN, Iran (AP) — Iran's foreign minister said Wednesday that his country has no choice but to...

McMenamins
Les Christie CNN Money

NEW YORK (CNNMoney) -- The number of homes lost to foreclosure is closing in on levels not seen since before the housing meltdown.

Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23% from a year earlier, the lowest level since the second quarter of 2007.

Last month, banks repossessed just under 44,000 homes. In September 2010, repossessions topped 100,000 a month.

"We're getting back to normal and will be there by next year," said Daren Blomquist, vice president at RealtyTrac.

For the past couple of years, foreclosures have been on the decline as homeowners seek alternatives like short sales, in which they sell their home for less than what they owe and the bank agrees to forgive the difference.

The deals are preferred by the banks over foreclosures and have less of a negative impact on a consumer's credit score. But now even the need to turn to short sales is waning.

Government initiatives, like the Home Affordable Modification Program and Home Affordable Refinance Program, have helped millions of borrowers avoid foreclosure. And last spring, under a $25 billion settlement deal with state and federal officials, the nation's largest mortgage lenders agreed to help struggling borrowers by lowering their mortgage rates, reducing their principal and other fixes.

Now, the landscape of foreclosures is starting to look a lot like it did in the pre-bust years, said Blomquist.

A larger percentage of the nation's foreclosure activity is occurring in areas suffering from severe economic problems, such as "Rust Belt" cities like Rockford, Ill. and Chicago, not in the recently-developed, mid-to-upper class neighborhoods of California, Florida and Arizona that were hit hardest when the housing bubble burst, he said.

And many of the people who lose their homes now are dealing with a layoff or personal issue, such as a divorce, illness or death in the family, said Blomquist. During the housing bust, people were forced to default because of plunging home prices and unaffordable mortgage terms.

There are some states that are still struggling with a backlog of foreclosures like Florida, Illinois and Georgia, all states where courts oversee the foreclosure process. Florida had more than twice as many bank repossessions as any other state in March -- nearly 7,600. Illinois, with more than 3,500, was second and Georgia, with 3,350, was third.

With prices expected to continue to rise -- they were up more than 8% year-over-year in January -- the number of short sales should continue to fall, and so should foreclosures, according to Blomquist.

 

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