The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness applicatio…
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 The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness applicati…
SALEM – Two key Oregon legislators are proposing a 90-day plan for Oregonians to avoid evictions, get food, and keep health insurance while directing banks to help businesses survive with interest-free loans.
To the editor: To those who anticipate or are facing foreclosure: Please give us a call. We are here to help.
WASHINGTON — For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates. Now, even that perk is fading away.
Dear Mary: We are one month behind on our mortgage payments and plan to catch up this month. We have told our credit union we will pay half on the 1st and the second half on the 13th. This will bring us current. They call all day, every hour. When we answer they say they have to call us constantly until the amount due is paid. That is their policy. I say this can’t be true or allowed by law. It seems like harassment. — Cindy, Maryland
Dear Mary: Soon I will receive an inheritance that is almost equal to the amount remaining on my mortgage. I am a widow, age 55, with no dependents. I have 25 years with the same employer and have been participating in the company’s 401k plan for the past 15 years. I plan to work until I am 65. Should I use the inheritance to pay off the mortgage or, as friends suggest, invest it in a variety of stocks and bonds and keep my mortgage because the interest is tax-deductible? — Eleanor D.
Over the past several months, mortgage interest rates have begun creeping higher. It’s not too late to refinance to get a lower rate, but you need to move quickly, while rates are still in the 4-percent range.
SACRAMENTO, Calif. — California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
