Oregon House passes new foreclosure moratorium

PORTLAND, Ore. (AP) — A measure that would reinstate and extend Oregon’s moratorium on foreclosures until Sept. 1 during the COVID-19 pandemic has passed in the state’s House of Representatives. Unlike the bill that was passed by lawmakers last June, the new legislation would not protect commercial property owners — those who own more than five properties or properties with more than four housing units. The proposed legislation, which passed in the House 38-21 Tuesday, moves to the Senate. In March, more than 6% — or more than 65,000 Oregon homeowners — said they were not caught up on their mortgage payments, based on the United States Census Bureau’s most recent Household Pulse Survey.